Management Rights - Sadliers Crossing, QLD

Sadliers Crossing, QLD

$645,000

Property Description

Brand new complex, great for first timers!

This brand new complex with 31 Queenslander style town-homes is available for the first time. The care taking salary also includes the close by River Terraces complex with 22 townhouses.

There has a large potential rental pool with the area being very popular with investment properties / tenants.

The managers town home has three bedrooms, two bathrooms, large living space with an additional gigantic utility room under the residence. Large garage with enough room for 4 cars, tools etc.

As this is both a new management rights agreement and a new complex, there is a capital gains potential from house price growth and additional income generated form the body corp salary and the rental pool.

This area has a rental population of around 23% and the current vacancy rate is 2.07%. Sadliers Crossing is an ideal location for an investment in Management Rights.

Fantastic location: close to schools, riverside parkland, rail and the Ipswich CBD.

This is one to get in quick to capture the full potential of this opportunity.
Financial Overview

Body Corp Salary:
51000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$49,000
Manager's Unit Price:
$389,000
Management Rights Price:
$256,000
Letting Business

Est. Year Built: 1
Total Units In Complex: 31


Inside Letting Pool

Permanent: 5
Holiday: N/A
Corporate: N/A
Total: 5

Outside Letting Pool

Lock Up: N/A
Outside Agents: 9
Self Managed: N/A
Owner Occpd: N/A
Total: N/A

Number & Type In Letting Pool
Number Type Features
2 3 Bed Townhouse 3 Bed / 2 Bath / 4 Car park / large internal utility room
3 3 Bed Townhouse 3 Bed / 2 Bath / 2 Car park / large internal utility room
Bed
Tariffs

Booking Type Details
Permanent $340 to $373.50
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module: Accommodation
Agreement Term:
Years To Run:
Manager's Unit Description: These brand new 3-bedroom townhouses in 'Sadliers Grove' have it all! Designed with space and style in mind, these homes have huge bedrooms, modern bathrooms, a large open plan living/dining/kitchen space, plus a covered entertainers deck! Unlike any other townhouses in the area, these homes offer a massive storage area underneath with room for 4-vehicles or maybe your camper van, trailer and tools.

Facilities

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

Other Facilities:

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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