Management Rights - Tingalpa, QLD

Tingalpa, QLD

$833,000

Property Description

Great Bay side complex

CPI or 3 % annual increase on very good B/Corp salary. Steady rent roll and plenty of room to increase the income. Comfortable workload and life style for the motivated person. Vendors ready to move. Current Manager lives off sight and rents out unit. Office is separated. Vendor expected asking price or very close.
Most important
1 You do not have to live on site. The unit is currently rented out to a fantastic single lady
2 There is no office hours
3 The vendor wants offers from $830,000
Please contact Exclusive Agent Robert Collins on 0404678792 or robertc@raas.comau
Financial Overview

Body Corp Salary:
89177
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI or 3% which ever is greater
Net Profit:
$105,000
Manager's Unit Price:
$350,000
Management Rights Price:
$483,000
Letting Business

Est. Year Built: 1996
Total Units In Complex: 40


Inside Letting Pool

Permanent: 14
Holiday: 0
Corporate: 0
Total: 14

Outside Letting Pool

Lock Up: 0
Outside Agents: 1
Self Managed: 2
Owner Occpd: 23
Total: 26

Number & Type In Letting Pool
Number Type Features
10 3 Bed T/houses Some Air Con,Fans, SLUG, BBQ, SecurityScreens, D/washer,Ensuite,BIRobes.
4 2 Bed T/houses Some Aircon,Fans, SLUG, BBQ, SecurityScreens, D/washer, BIRobes
1 Bed
Tariffs

Booking Type Details
Permanent 2 Bedroom $340-360 p/w 3 Bedroom $380-400 p/w
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms , 1 Bathroom
Office Reception: On Title
Office Software: REIMaster
Office Hours: None specified
Storage: Plenty
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 23
Manager's Unit Description: Two bedroom 1 bathroom townhouse. Carpeted & tiles throughout, AirCon fitted, Built In Robes,Private back yard, SLUG plus parking space

Facilities

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

Other Facilities: 5 minute walk to bus,Easy access to motorway,Close to shops and sports facilities. Short drive to the waterfront on Bay side. Good schools in the area. Current manager lives off sight and rents her unit out. This income is not included in the P&L. Up to you what you wish to do. Office is separated off.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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