Upper Coomera
$1,200,000
3
2
2
Management Rights
- Permanent Complex Type
- 5 Letting Pool
- $91,942 Remuneration
- $100,276 Net Profit
- $850,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
SPACIOUS RESIDENCE - STABLE INCOME
On offer now is this robust business within a peaceful residential townhouse complex enjoying a stunning riverfront outlook. Highlights: • Prime location - Sought after neighbourhood • Riverfront views • Beautiful manager's residence • Easily managed business • Boutique letting pool • Solid revenue stream Bulk of net income from Body Corporate Salary of approximately $92,000, represents 92% of profit! 20 years remain on Management Agreements with office on title and no office hours. Simple duties and a swimming pool to maintain. All providing the incoming manager with a great foundation to build up this business. The easily managed letting pool provides opportunity for the incoming manager to double the onsite letting pool. The desirable, spacious, beautifully presented onsite manager's townhouse offers 3 large bedrooms, 2 bathrooms, 2 car spaces and a large backyard oasis for the family to enjoy. Upper Coomera is within a real growth area, on the Gold Coast, with icons the like of Costco, Westfield, and the many world class theme parks, only 4 km down the M1 highway. And the up-and-coming local hospital shall be another attribute. This business represents an attractive proposition for new entrants or the semi-retired to enter the Management Rights industry.
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