Management Rights - Telina, QLD

Telina, QLD

$475,000

Property Description

Two Complexes at Gladstone

This is the second lot of complexes offered in conjunction with the four already offered. You can buy just this one or the other four all all six together and take the generous incremental profit by combining all together.
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
86836
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
tba
Net Profit:
$91,000
Manager's Unit Price:
$250,000
Management Rights Price:
$225,000
Letting Business

Est. Year Built: N/A
Total Units In Complex: 61


Inside Letting Pool

Permanent: 11
Holiday: 0
Corporate: 0
Total: 0

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 0
Total: 50

Number & Type In Letting Pool
Number Type Features
11 2 Bed Units All modern appliances
Bed
Bed
Tariffs

Booking Type Details
Permanent $170 to $240 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 4 Bedrooms , 2 Bathroom
Office Reception: on title
Office Software: caretaker
Office Hours: nil
Storage: plenty
Office Computer: one
Module: Accommodation
Agreement Term: 25 years
Years To Run: 18,22 years
Manager's Unit Description: You do have to live on sight in this complex but it is a beautiful home with office and a great interior. Remember if you buy both complexes this is the only home you need to buy and you would run all the complexes from this point. The six complexes are currently run by one person with a little outside help. Easily run by a husband and wife.

Facilities

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

Other Facilities: This complex by it self has a home worth $250,000 and an income of $98,000 at a 4 multiplier negotiable. Total for MR $392,000 and the total is $642,000 If you choose the lot you will only be purchasing the MR business for the other four unless you want the second home for a total of $1,218,000 plus home + $1,468,000. What a fantastic deal.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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