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Kallangur

$1,126,800

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Management Rights

  • 61 Total Units
  • Permanent Complex Type
  • 10 Letting Pool
  • $116,764 Remuneration
  • $127,670 Net Profit
  • $680,000 Manager's Unit
  • Pets Allowed, Pool Features

Property Description

3.5 MULTIPLIER - OPPORTUNITY KNOCKS!

Priced to Sell! This medium sized residential Management Rights business has plenty of opportunity for significant growth. Whilst currently, most of the total net income ($127,000 p.a.) is sourced from the Body Corporate Salary of $116,000, there exists a large component of the complex's letting pool that is presently managed by outside agents. This represents an attractive opportunity to turn this business around and reap the monetary rewards! The incoming onsite manager will have the benefit of living and working within this charming townhouse community. Manager's residence accompanying this business is a big, beautiful, standalone villa, on 345m2 of land, featuring 3-bedrooms, 2 bathrooms and 2 car garage. Office is on title and attached. Situated in a prime location, this lovely townhouse complex offers unbeatable convenience: - Kallangur Train Station, Aldi Supermarket and Kallangur Fair, all within a 10-minute walk - Kallangur State School, Murrumba State Secondary College and Westfield North Lakes, all within a 10-miunte drive. Step into this business, which is paired to a terrific manager's residence, and reap the benefits!

Your Trusted Management Rights and Resort Sales Brokers

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