Management Rights - Fortitude Valley, QLD

Fortitude Valley, QLD

$1,277,500

Property Description

FORTITUDE VALLEY IN THE HEART OF CAFES & RESTAURANTS !

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.
Please call Robert Collins Joint Exclusive Agent on 0404678792 or robetc@raas.com.au
Financial Overview

Body Corp Salary:
$63,054
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Greater 3% or CPI
Net Profit:
$135,000
Manager's Unit Price:
$670,000
Management Rights Price:
$607,500
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
Tariffs

Booking Type Details
Permanent 2 brm $450 to $560 p/w 3 brm $600p/w. 4 brm (furn)$830 p/w
Corporate
Holiday
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.

Facilities

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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