Ashmore
$1,990,000
3
2
2
Management Rights
- 64 Total Units
- Permanent Complex Type
- 32 Letting Pool
- $109,573 Remuneration
- $220,089 Net Profit
- $860,000 Manager's Unit
- BBQ, WiFi, Pets Allowed, Pool Features
Property Description
NO REQUIREMENT TO RESIDE ONSITE
This central Gold Coast Management Rights business is the one to buy! You now have the opportunity to secure this sound residential caretaking and letting operation with a generous Body Corporate salary of $109,000 (+ GST) p.a. increasing yearly by CPI. Furthermore, with the letting pool income representing approximately 50% of the $220,000 Net Profit the incoming manager is provided with a good balance of income streams. With over 23 years remaining on current Management Agreements, this Management Rights business certainly ticks all the boxes and thus the expectation of a stable long-term business. An opportunity also exists to increase the present onsite rental pool by securing a number of outside agents lets from within the complex. Manager's 3-bedroom, 2-bathroom, 2-car townhouse has the onsite office attached and as stated there is no requirement to live onsite. Presently this property has a six-month lease for the sum of $800 per week plus water usage, providing flexibility to the incoming manager as to residency options going forward. An extremely popular gated townhouse community boasting an excellent location and strong tenant demand. A short walk to TAFE, train station, shopping and parks. Located within the Benowa State High catchment area and a stone's throw from Bellevue Park State School. It is time for this very satisfied long-standing owner to move on from this rock-solid business. Opportunity knocks. Enquire with me now.
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