Address available on request,
Algester, QLD 4115

Hotel, Motel & Leisure

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$1,395,000

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UNDER CONTRACT - ESTABLISHED MANAGEMENTS RIGHTS FOR SALE IN ALGESTER BY EXPRESSIONS OF INTEREST - 1P4298MR

Marketed exclusively by CRE Brokers, this well-presented permanent, recently re-painted Management Rights complex is looking for a new manager who wants a good income and a very nice modern-style 4 bedroom, free-standing home.

Currently over 60% of the units are in the rental pool and the location makes renting relatively easy. The complex was repainted and gardens re-mulched during 2017/18.

Financial figures showing a net income of $192,000 are available upon application. Step right up and book your inspection now. BE QUICK, NOT SORRY.

TOTAL NUMBER OF UNITS: 68
UNITS IN LETTING POOL: 44

MANAGER'S RESIDENCE: Free-standing 4 bedroom, 3 bathroom townhouse with double garage and office attached. Outdoor covered patio and large private backyard.

NET PROFIT : $192,000
REAL ESTATE PRICE : $525,000
TOTAL ASKING PRICE : EOI over $1,395,000

Property ID: 503367986Last Updated: 5 Mar 2020

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