Management Rights - Sadliers Crossing, QLD

Sadliers Crossing, QLD

$645,000

Property Description

Brand new complex, potential plus…..Live on site…..great for first timers, as a 2nd income or semi-retirement

The Queenslanders are back......
This brand new complex with 31 Queenslander style houses is available for the first time. The caretaking salary also includes the close by River Terraces complex with 22 townhouses. There is a large potential rental pool with the area being very popular with investment properties / tenants.

The Managers townhouse comprises 3 bedrooms, 2 bathrooms, large living space with additional games room / utility room. 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.

Call now to discuss this opportunity. Combined income (approximately $50k) for both complexes is based on caretaking and excludes additional revenue for rental management, future unit sales and maintenance.

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

Love Management Rights
Love the Lifestyle

Jon Love
0481 522 115
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: N/A
Holiday: N/A
Corporate: N/A
Total: N/A

Outside Letting Pool

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

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

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: Bedrooms
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module:
Agreement Term:
Years To Run:
Manager's Unit Description:

Facilities

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

Other Facilities:

Property Agent

Jon Love

Jon Love

Phone: 0481 522 115
Office: 1300 282 370

Email Listing Agent

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