Management Rights - Murarrie, QLD

Murarrie, QLD

$3,248,000

Property Description

Large City Fringe Bay Side Complex

If you are looking for a great place to live in an outstanding home close to the city and Bay Side with a healthy business attached. Then this is the one for you. It is also close to all transport and amenities. Ideally located. Home $680,000, Business $2,568,000. Income $498,000. TOTAL $3,248,000. All are Accommodation Modules with full or near full time to run. Currently run by two people. Manager wished to retire.
Please contact Exclusive Agent Robert Collins on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
207237
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$498,000
Manager's Unit Price:
$680,000
Management Rights Price:
$2,568,161
Letting Business

Est. Year Built: 2003
Total Units In Complex: 170


Inside Letting Pool

Permanent: 83
Holiday: 0
Corporate: 0
Total: 83

Outside Letting Pool

Lock Up: 0
Outside Agents: 14
Self Managed: 3
Owner Occpd: 70
Total: 87

Number & Type In Letting Pool
Number Type Features
75 3 Bed Town Houses 2.5 bath, carp tile, mod appliances.
8 4 Bed Town Houses 2.5 bath, carp tile, mod appliances.
0 Bed
Tariffs

Booking Type Details
Permanent 485 to 630 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: REI Master
Office Hours: Minimum of two hours per week.
Storage: Plenty
Office Computer: Three
Module: Accommodation
Agreement Term: 25 Years
Years To Run: 25 Years 25 Years 23 Years
Manager's Unit Description: 2.5 bath incl en suit tile and carpet. Ducted air con. Large home Formal lounge with family room. Large entertainment area outside with Payola. One and a half garage.This is a delightful stand alone home which will pass all inspections. City Views and park at the back door

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Two complexes are not contiguous, there is a road separating them. There is a third complex 500 mtrs down the road. There is an additional 29 outside rentals which are sold with this Management Right. These rentals will be at a 3 multiplier. This complex is part of the Bay-side area close to the city fringe and close to railway and arterial roads.. Great rental area.
Archer Gowland has done the P&L and divided up the income. Outside rentals income is $84,861 and the MR income is $413,139 which is being offered at a 5.6

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

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