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Management Rights: Permanent

Hillcrest, QLD : $1,420,000

Last update: 03 December 2024.
ThePropertyManager ID 21134920
REF:
Financial Data
Listing Status current
Price $1,420,000
Net Income (explanation) $ 168,000 (actual)
Remuneration (explanation) $ 104,510
Complex Specifics
Location (Read Suburb Profile) Hillcrest QLD, 4118
Complex Features
  • Swimming Pool;
    		•
    Manager`s Realestate
    Manager`s Bedrooms 4
    Manager`s Unit Features
  • 4 Bedroom manager units with big office on title. NO request to live onsite and current rent is \\\\\$700 a week;
  • its \\\\\$36;
  • 400 extra income that is not in the PL.;
    		•
    Office Hours no set office hour
    Pets Allowed? 1
    Manager's Realestate Value $ 560,000
    Letting Rights
    Agreement Term   years
    Agreement Remaining 23 years
    Units in Letting Pool 31

    No Onsite! High Return On Investment! HIgh remuneration!

    - Good locations with easy-to-access public transport, highway and Browns Plains Shopping Centre within few minutes drive.
    - Large manager unit with 4 bedrooms that suits families or couples. The agreement did not request to live onsite, the owner has more flexibility to choose either onsite or offsite.
    - The remuneration weighs over 60% of the net income to bring the business more stable.
    - The rents are still in a low position, and there is big potential for a rent increase to benefit the business income.
    - NO request to live onsite, current manager unit rent out by $600 per week to make extra $31,200 per annual and this is not including in the current P&L. The actual earning to the business include the rent would be around $200k. (Good Return on Investment)
    - Contact the exclusive agent Celine for further information or book your inspection.

    REF:


    Call Celine Tseng on: 0423566566
    office: 0423 566 566

    Email Celine Tseng

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