54 - 2 Bedrooms villa.
For sale by owner
Get all details 1st hand, Call Charles on 0430
968 383.
Management rights for sale,
price at $710,000, Brisbane Ipswich, netting $108,833.00. Two bedroom management
rights villa with attached office, sort after rental, located in
high population growth area.
Good Location and Easy.
All the hard work is done in this near new
complex. No pool, BBQ or Gym. No office hours on agreements
Copy of property management rights agreement is available on request.
Financial Data.
Listing Status current Price $ 710,000.
(managers' residence included)
Body Corp Salary Net $ 61,000.00.
Total Net Income $ 108,833.00 .
Complex Specifics.
Location: Redbank Plains Ipswich Queensland.
Complex Age 4 years.
Complex Features.
Easy.
Positioned close to all amenities.
Low vacancy rate, 0-2%
.(RENTAL CORRIDOR)
Managers
Villa.
Rental Manager 2 Bedrooms with 2 way
bathroom.
Manager's Unit Features - Reverse cycle Air Conditioning.
Plus attached Office on title.
Paved fenced back yard
Letting Agreement.
Agreement Term 25 years
Agreement Remaining 25 years
Total Units 54
Units in Letting Pool 27
Management Rights.
Why work
for someone else when you can buy a home with net income of $108,833 Work
for yourself with no traveling to and from work each day and keep your own
hours.
Price
$710,000 including managers residence.
Near new complex
of 54 villas on Brisbane Ipswich, walking distance to shops, transport and
parks.
Only
6 owner occupiers.
Managers residence villa with 2 bed plus
office, living with carpeted lounge, air con, single lock-up garage with
driveway, shed in backyard and much more.
No
set office hours, no entrance gates, no pool or BBQ areas to clean, minimal
garden maintenance.
Pre-approved
for an indoor pet.
Friendly
and supportive committee and body corporate managers.
Tenancies
in demand and easily filled, established website, REI software, rents paid
by EFT.
Potential
to increase net profit in addition to annual body corporate salary increase.
25
years
remaining on caretaking and letting agreements.
Private
sale, no agent – talk directly to business owners.
Complex
and office set-up in good order - proper hand over assured.
Net
profit of $108,833 (including body corporate salary of $61,000).
Multiplier
= Sale price - Unit price = Sum Divided by
Net Income.
Combined home and return on
investment plus the lifestyle aspect has proven to be a very attractive
business proposition. Property Management Rights have been chosen by people
seeking a home with some work.
Undouble the best secured investment that will
enable a person especially those who have just retired from full time work
to be healthy by being active. This is a business that will allow a parent
to be at a home with the children when they return from school. Management
Rights is often seen as buying a home which allow for a unique quality lifestyle.
Legislated by the
Government.
It also makes for more harmonious
living within the complex. The common property together with the units in
the management rights pool will be looked after much better together with
tenants and rent collection compared to an external listed agent.
