Management Rights - AUCHENFLOWER, QLD

AUCHENFLOWER, QLD

$1,558,000

Property Description

Corporate Close to the City

Very attractive building in great location. Not many units to look after but great big income!!! This complex is easily managed with very good repeat corporate business. You won't find much better than this, for the value, in this area so be quick with this one!!!
There is $25,000 of external rentals in the total income that are less than 2 kl from the main office Call for an inspection now!!!
Income has been verified by MR accountant as has value on unit.
Please call Robert Collins Joint Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
69000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$210,000
Manager's Unit Price:
$550,000
Management Rights Price:
$1,008,000
Letting Business

Est. Year Built: 1997
Total Units In Complex: 28


Inside Letting Pool

Permanent: 2
Holiday: 0
Corporate: 13
Total: 14

Outside Letting Pool

Lock Up: 0
Outside Agents: 2
Self Managed: 5
Owner Occpd: 7
Total: 14

Number & Type In Letting Pool
Number Type Features
10 2 Bed Apartment Dishwasher, dryers, air conditioning, ensuite, 2 balconies, 1 secure car park Fully furnished
4 3 Bed Apartment Dishwasher, dryers, air conditioning, ensuite, 2 balconies, 1 secure car park Fully furnished
1 Bed
Tariffs

Booking Type Details
Permanent 2 bedroom $480 unfurnished $550 fully furnished
Corporate 2 bedroom $1285 to $1645 per week 3 bedroom $2079 to $2317 per week
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms
Office Reception: Exclusive Use
Office Software: Hirum
Office Hours: None
Storage: Plenty
Office Computer: Yes
Module:
Agreement Term: 25
Years To Run: 25
Manager's Unit Description: Air conditioned, en suite, second bathroom is 2 way with bath, 2 balconies, 1 secure car park, fully furnished.Beautiful roomy unit 126 sq mt. Repainted and new carpet installed Oct 2014

Facilities

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

Other Facilities: Broadband access
Major Body Corporate work completed recently:
Building exterior painted 2010
Building interior painted October 2014
Building interior carpet replaced September 2014
Major work completed to stairs on the coronation drive entrance
Approved by BC but not yet completed:
Landscaping of all gardens. This is to be completed by outside contractor and paid by BC.
Storage shed installed in pebbled vacant area behind building area. Although classed as common area this shed will be for manager’s use
Internet Marketing:
Social media fully set up and current
Web site well established
Booking agents set up and in place
Hi site (channel Manager) program in place

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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