Arundel
$2,100,000
2
2
2
Management Rights
- Permanent Complex Type
- 28 Letting Pool
- $160,808 Remuneration
- $250,333 Net Profit
- $700,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
GREAT RETURN ON INVESTMENT
Highly desirable, well presented Gold Coast Management Rights. These residential townhouses are ideally situated, offering a lifestyle to match. Walking distance to the esteemed AB Paterson College and Lakeside's 9-hole golf course. Harbour Town Shopping Centre and Westfield Shopping Town are just down the road. Resident's resort style facilities include pool, BBQ recreation area and secure entry gates. You are just 7km from major theme parks and world class beaches. Surrounded by an abundance of park reserves, walkways, bike tracks, play parks, and easy commuting to Brisbane via the M1 motorway. Manager's real estate is a roomy 2-bedroom townhouse with the option of converting back to original 3-bedroom configuration if desired. Two bathrooms, double garage, private rear courtyard, and office attached with separate entry; all make for a very liveable family environment. An attractive business to real estate ratio puts you in the driver's seat financially, with real estate, including on-site office, an affordable $700,000. A substantial net profit of $250,000 p.a. incorporates a generous Body Corporate Salary of $160,000 (ex-GST). Management Agreements have over 20 years to run with no set office hours and a supportive Body Corporate Committee. These rental properties are always in high demand enabling a continued high standard of tenants in the letting pool. Top location with very solid income. Be quick! Call me to arrange an exclusive inspection.
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