Management Rights - Fortitude Valley, QLD

Fortitude Valley, QLD


Property Description


WOW!! This near new architecturally designed up market complex in the heart of the cafes, restaurants, markets and specialty shops has become available. Over 65% of apartments in rental pool.No lawns to mow here. A delightful one or two person operation. Net Income includes $7,800 of commercial cleaning (not public areas) Check it out soon.
The vendor has an expectation of offers from $1,243,750 which is only a 4.25 multiplier
Please call Robert Collins Joint Exclusive Agent on 0404678792 or
Financial Overview

Body Corp Salary:
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Greater 3% or CPI
Net Profit:
Manager's Unit Price:
Management Rights Price:
Letting Business

Est. Year Built: 2004
Total Units In Complex: 43

Inside Letting Pool

Permanent: 22
Holiday: 0
Corporate: 0
Total: 22

Outside Letting Pool

Lock Up: 0
Outside Agents: 2
Self Managed: 1
Owner Occpd: 18
Total: 21

Number & Type In Letting Pool
Number Type Features
20 2 Bed Apartments Stoneware benchtops, Ensuites,Fans,D/Washer.Dryers,Insinkerators, 1 park
1 3 Bed Apartments Stoneware benchtops, Ensuites,Fans,D/Washer.Dryers,Insinkerators, 2 park
1 4 Bed Apartment Stoneware benchtops, Ensuites,Fans,D/Washer.Dryers,Insinkerators, 2 park

Booking Type Details
Permanent 2 brm $450 to $560 p/w 3 brm $600p/w. 4 brm (furn)$830 p/w
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: REI Master
Office Hours: None specified
Storage: Plenty
Office Computer: Pentium 4
Module: Accommodation
Agreement Term: 25 years
Years To Run: 21 years
Manager's Unit Description: Luxury three bedroom/two bathroom apartment on two levels. Modern kitchen appliances (gas). Separate laundry, Balconies, Office attached. Secure car parking for two vehicles. Office on title.Lots of storage for Manager.


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

Other Facilities: B/C approval for small pet.
Easy access to CBD, Cafe precinct and Market Place
The Vendor has had a valuation done on the unit and as such there has been a lowering of the price. This Valuation is available at $670,000 which can be used for bank finance.
Further, the vendors circumstances have changed and he will entertain any reasonable offer.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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