Molendinar
$1,960,000
3
3
3
Management Rights
- Permanent Complex Type
- 45 Letting Pool
- $142,332 Remuneration
- $222,797 Net Profit
- $695,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
LIVE OFF SITE - GOLD COAST JEWEL
We are proud to bring exclusively to market this centrally located, quiet and secure gated residential Management Rights business. Quality, spacious and airy 2-bedroom townhouses are nestled within this exclusive and sought after estate. Always attracting plenty of well qualified tenants to your letting pool. A solid Body Corporate Salary of $142,000, coupled with a net profit of over $222,000 p.a. is packaged with a current Management Agreement term of over 21 years. Well documented and robust management systems are in place which are complimented by the supportive Body Corporate Committee. Manager's 3-bedroom townhouse, with office attached, is currently rented out at $700 p.w. (36,000 p.a.) which is in addition to the net profit disclosed. The complex is the best in the area and very well maintained with gorgeous, landscaped gardens, security cameras, electronic gate, BBQ area, and shaded resort style pool. Only minutes to Trinity Lutheran College, Griffith University, Gold Coast hospital and medical precinct, light rail, great schools, Aldi, Woolworths, and Coles. There is a great choice of golf courses, fitness & sporting facilities within the area. Major shopping hubs (Robina, Harbour Town) and the train station are all a short 15-minute drive. Easy access to the M1 Motorway and approximately 40 minutes to the airport. This jewel of a business will not last long on the market. Contact me today before it goes!
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