FOR SALE
$5,040,000

Contact Agent For Address
Algester QLD 4115

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Exclusive - Prime Location Near Sunnybank - ID 9159

Permanent Management Rights For Sale
Exceptional Investment Opportunity
Discover an exceptional management rights investment offering high returns and long-term growth potential. Located close to the vibrant suburb of Sunnybank, this opportunity includes two well-maintained complexes with a proven track record of strong rental demand and efficient operations. These management rights come with secure agreements and a great relationship with the body corporate committees, ensuring smooth and effective management.
- Combined Net Profit: $721,465
- Total Asking Price: $5,040,000
- Large Letting Pool (164 townhouses): Complex 1: 148 townhouses and Complex 2: 18 townhouses
- Operational Efficiency: Established systems delivering quality service with minimal hassle
- Long-Term Stability: Secure agreements with 23 and 25 years remaining
- Strong Relationships: Excellent rapport with body corporate committees, fostering a collaborative environment
- Low Maintenance: Well-presented common areas designed for minimal upkeep, ensuring ease of management
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Property Details for Contact Agent For Address, Algester

Building Type
Commercial
Floor Size
1m2

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About Algester 4115

The size of Algester is approximately 3.6 square kilometres. It has 12 parks covering nearly 10.7% of total area. The population of Algester in 2011 was 8,262 people. By 2016 the population was 8,416 showing a population growth of 1.9% in the area during that time. The predominant age group in Algester is 30-39 years. Households in Algester are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Algester work in a professional occupation. In 2011, 70.1% of the homes in Algester were owner-occupied compared with 69.5% in 2016.

Algester has 3,645 properties. Over the last 5 years, Houses in Algester have seen a 91.84% increase in median value, while Units have seen a 111.18% increase. As at 30 September 2024:

  • The median value for Houses in Algester is $945,527 while the median value for Units is $637,381.
  • Houses have a median rent of $615 while Units have a median rent of $663.
There are currently 34 properties listed for sale, and 10 properties listed for rent in Algester on OnTheHouse. According to CoreLogic's data, 185 properties were sold in the past 12 months in Algester.

Suburb Insights for Algester 4115

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Mark Neale
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Management Rights Sales Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.