Exclusive Just Listed Prestigious Permanent Complex For Sale $1,565,000 includes the Manager’s Residence
Spring Hill
RCA Business Brokers are pleased to offer for sale the management rights to this prestigious permanent rental complex in the city close to some of brisbane most prestigious schools.
Property Description
- Within 1Km of the Queen Street Mall
- Walking distance to Premier Private Schools
- Luxury 3 bedroom Apartment
- Accommodation Module Agreements
- Nett Income approx $174,329 per annum
- First time on the market in 10 years
Pricing
| Management Rights $ | $910,000 |
| Managers Unit $ | $655,000 |
| Managers Lot/s $ | – |
| Total Price $ | $1,565,000 |
Management Rights Business Information
| Location | Spring Hill |
| Business Type | Permanent Rentals |
| Building Age | 15 |
| Building Levels/Floors | 10 Levels |
| Net Profit $ | $174,329 |
| Caretaking Fee $ | $83,161 + GST |
| Total Lots in Complex | 51 |
| Letting Pool Units | 27 |
| Letting Agreement Term | 19 Years Remaining of 25 Years (5 Year Top Up Due at next AGM) |
| Caretaking Agreement Term | 19 Years Remaining of 25 Years (5 Year Top Up Due at next AGM) |
| Office Hours | The manager must be contactable at all time during reasonable business hours. |
Property Features
| Pool | |
| Sauna | |
| Gym | |
| BBQ | |
| Conference Room | |
| Cinema | |
| Concierge | |
| Car Parking | Yes. Secured and Gated. |
| Other Features | – |
| Managers Units | |
| Beds | 3 |
| Bath | 2 |
| Car Spaces | 2 |
| Features | Renovated kitchen. New Air Conditioning. New Stainless Steel Appliances in kitchen. 2 wall mounted TV’s. |
| Managers Office | |
| Size | Yes. See Information Memorandum. |
Management Pricing
Total Price $1,565,000
Property Enquiry
Property Agent
Rod Askew
Director
07 3554 0040
Eric Brizuela
Management Rights Sales Executive | Brisbane
07 3554 0038
