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Management Rights: Permanent

Deception Bay, QLD : $1,288,000 Consider All Reasonable Offer

Last update: 30 July 2024.
ThePropertyManager ID 21126087
REF:
Financial Data
Listing Status sold
Price $1,288,000 Consider All Reasonable Offer
Net Income (explanation) $ 166,300 (actual)
Remuneration (explanation) $ 120,000
Complex Specifics
Location (Read Suburb Profile) Deception Bay QLD, 4508
Complex Features
  • Swimming Pool;
    		•
    Manager`s Realestate
    Manager`s Bedrooms 3
    Office Hours not set office hour
    Pets Allowed? 1
    Manager's Realestate Value $ 490,000
    Letting Rights
    Agreement Term 25 years
    Agreement Remaining 20 years
    Total Units 91
    Units in Letting Pool 28

    High Yield with option to live offsite

    Convenient Location:
    Around 30km from Brisbane CBD toward north. Close to all amenities of retail, schools, public transports and parks, they are only few minutes away.

    Nice Manager Unit:
    Large and comfortable 3-bedroom, double garage townhouse with an large office on title. It's good option for the family to combine the lifestyle and small business. The agreement also allow manager to choose to live off site.

    Stable Business with High Remuneration
    The remuneration weighted over 70% of the total net income. This brings the stability of the business. The multiplier of the business is only 4.8x, this brings higher ROI. There are also chance to win back more lettings to build up higher portfolio of the letting pools.

    First time on the market after 7 years operations. The owner has other plan to move forward and consider all reasonable offers. Please contact the exclusive agent, Celine Tseng for further information and book the inspection for you.

    REF:


    Call Celine Tseng on: 0423566566
    office: 0423 566 566

    Email Celine Tseng

    4d7

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