FOR SALE
$2,940,000

Contact Agent For Address
Raceview QLD 4305

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Exclusive - 15% Return on Investment - ID 9158

Permanent Management Rights For Sale
Thriving Suburb
Discover an exceptional management rights opportunity in a thriving suburb. This offering includes management rights to a well-maintained complex with a strong rental demand and efficient operations. With its close proximity to shops, schools, and other amenities, this investment promises solid returns and significant growth potential.
- Net Profit: $432,769
- Total Asking Price: $2,940,000
- Management Rights Agreement: 24 years remaining
- Large Letting Pool: Total Units: 104 townhouses with Letting Pool: 102 townhouses
- Operational Excellence: Efficient systems in place delivering high-quality service
- Low Maintenance: Well-maintained common areas designed for minimal upkeep
- Facilities Included: Gym and CCTV security system, enhancing tenant satisfaction
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Property Details for Contact Agent For Address, Raceview

Building Type
Commercial
Floor Size
1m2

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About Raceview 4305

The size of Raceview is approximately 5.9 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Raceview in 2011 was 8,686 people. By 2016 the population was 9,716 showing a population growth of 11.9% in the area during that time. The predominant age group in Raceview is 0-9 years. Households in Raceview are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raceview work in a trades occupation. In 2011, 51.4% of the homes in Raceview were owner-occupied compared with 53% in 2016.

Raceview has 4,457 properties. Over the last 5 years, Houses in Raceview have seen a 99.05% increase in median value, while Units have seen a 102.38% increase. As at 31 October 2024:

  • The median value for Houses in Raceview is $669,499 while the median value for Units is $421,961.
  • Houses have a median rent of $530 while Units have a median rent of $425.
There are currently 39 properties listed for sale, and 7 properties listed for rent in Raceview on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Raceview.

Suburb Insights for Raceview 4305

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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.