Cleveland, Queensland

Low Multiplier -Walk to Ocean

Offers over $950,000

Property Description

• Permanent management rights in an excellent, convenient location.
• Easy access to beautiful Bayside and North Stradbroke Island.
• Stable income, over 74% net income from Body Corporate remuneration
• Easy caretaking.
• Standard module agreement.
• No set office hours.

Property Summary

Business Snapshot

Price: Offers over $950,000 Net Profit: $151,737 Remuneration / Body Corp Salary: $112,815

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 75Total Units in Letting Pool: 24Permanent Units: 24Owner Occupy Units: 46Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes
Marketing Agent
Paul Wang
Paul Wang

Onsite Management Rights

Onsite Management Rights

Listing location
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