Management Rights - Stones Corner, QLD

Stones Corner, QLD

$981,375

Property Description

Near New

This complex was completed in September 2017 and as such has 24.5 years to run. It is owned by the developer with a projected profit of $196,275 with offers expected at a 5 + multiplier.There is no office hours, or requirement to live on sight or unit to buy
If you wish to purchase a unit , it is available. He has only just started to sell the units to investors and he does not expect payment until they are settled even though there are several rented out that are developers stock. You will be the property manager for them and be paid accordingly until they go to an investor. There is claw back and forward for 2 years.
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
77000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
cpi
Net Profit:
$196,275
Manager's Unit Price:
$0
Management Rights Price:
$981,375
Letting Business

Est. Year Built: -1
Total Units In Complex: 70


Inside Letting Pool

Permanent: 50
Holiday: N/A
Corporate: N/A
Total: 50

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: N/A
Owner Occpd: 20
Total: 20

Number & Type In Letting Pool
Number Type Features
19 2 Bed unit all new air con 1 park
14 2 Bed unit all new air con 1 park
9 2 Bed unit all new air con 1 park
Tariffs

Booking Type Details
Permanent 2 bed + MPR $$500 per week 2 bed + Study $500 per week 2 bed $450 per week 1 bed $395 per week 3 bed $650 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 0 Bedrooms
Office Reception: exclusive use
Office Software: tba
Office Hours: nil
Storage: plenty
Office Computer: one
Module: Accommodation
Agreement Term: 25 years
Years To Run: 25 years
Manager's Unit Description:

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: This is a new complex finished in September 2017 last year so it is not an OTP
Developer anticipated 50 rentals in the pool and there will be a two year claw forward.
He anticipates a 5 multiplier at least and has 21 units rented out. He does not expect them to be paid for until they are sold but the manager will treat them as his renters as of day one.As new rentals come over n line to investors he will be expected to pay for them and the P&L has been done as an OTP P&L. only experienced managers need apply with your CV

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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