Management Rights - Spring Hill, QLD

Spring Hill, QLD

$900,000

Property Description

Corporate No Unit to Buy

The business is currently run by one person. There is great potential to increase revenue Have the vision and you won't be disappointed.This complex is selling ONLY the BUSINESS at a 4.75 multiplier owner wants to retire For more information,please contact Robert Collins on robertc@raas.com.au or 0404678792
Financial Overview

Body Corp Salary:
53402.06
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
C.P.I.
Net Profit:
$189,338
Manager's Unit Price:
$0
Management Rights Price:
$900,000
Letting Business

Est. Year Built: 1997
Total Units In Complex: 39


Inside Letting Pool

Permanent: 1
Holiday: 0
Corporate: 15
Total: 16

Outside Letting Pool

Lock Up: 0
Outside Agents: 5
Self Managed: 14
Owner Occpd: 4
Total: 20

Number & Type In Letting Pool
Number Type Features
14 1 Bed Units Fully Furnished
2 2 Bed Units Fully Furnished
1 Bed
Tariffs

Booking Type Details
Permanent
Corporate Variable. Tariffs available
Holiday
Manager's Unit & Office

Manager's Unit Size: 0 Bedrooms
Office Reception: Exclusive Use
Office Software: Hirum
Office Hours: ( nil specified) 9 to 5 pm Mon to Fri
Storage: Plenty
Office Computer: One
Module: Accommodation
Agreement Term: 25 years
Years To Run: 19 years
Manager's Unit Description:

Facilities

Pool: No
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 is a well run business with unbelievable potential to increase revenue.Look and you won't be disappointed if you have the vision.You can purchase the business only with office exclusive use the 14 outside rentals are in fact the commercial lots and you receive the BC salary for them but you have no responsibility for them.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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