Arundel, Queensland

Permanent Management Rights in Arundel. No office hours & easy gardening.

$495,000

Property Description

- Small and quiet secure gated complex
- Great Arundel location, close to everything
- No requirements to live on-site
- No real estate to buy
- No set office hours
- No facilities to manage, only gardening
- 23 years from 25 years agreement
- 41 villas in total, 4 - in rental pool
- Good BC salary of $60,300 pa (excl GST)
with yearly CPI increase
- Rental income of $10,200 pa (excl GST)
- Big opportunity to rent or sell in popular complex
- Lots of additional income for handyman
- Supportive BC committee
- Near new utility buggy is included
- Big shed for tools and equipment storage
- Inspections are welcome by appointment

Property Summary

Business Snapshot

Price: $495,000 Net Profit: $70,500 Remuneration / Body Corp Salary: $60,300Body corp salary review: CPI Annually

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 4Permanent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Marketing Agent
Listing location
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