FOR SALE
Management Rights $199,000

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Kelvin Grove QLD 4059

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Kelvin Grove Add-on - 1P6137MR

EXCLUSIVE TO CRE BROKERS. Small and simple 'add-on' Management Rights business in the heart of Kelvin Grove, very close to Kelvin Grove Urban Village and QUT campus.
The property comprises 19 units, 7 of which are in the letting pool. There is virtually no gardening involved as the common areas are mostly tiled and concreted, hence simple to look after.
The current manager has held this business since the complex was built and there are 20 years remaining on the Agreements. You could add this on to your existing portfolio or, if you're a beginner, start with this one and work from home.
TOTAL NUMBER OF UNITS: 19
UNITS IN LETTING POOL: 7
NET PROFIT: $36,410
MANAGERS RESIDENCE: Not applicable
REAL ESTATE PRICE: Not applicable

Property Details for Contact Agent For Address, Kelvin Grove

Building Type
Commercial

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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,050 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 54.00% increase in median value, while Units have seen a 61.12% increase. As at 31 October 2024:

  • The median value for Houses in Kelvin Grove is $1,301,998 while the median value for Units is $629,720.
  • Houses have a median rent of $675 while Units have a median rent of $630.
There are currently 27 properties listed for sale, and 19 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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Ronnie Slebos
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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.