Cleveland, Queensland
Solid Income, Easy Caretaking and Stunning Lifestyle Permanent Rights in Cleveland
SOLD
Business Description
It's a seaside holiday every day in Cleveland, Cleveland has everything you'd want for a family holiday, in a location that is so convenient to the city, your family could live here all year round.
The residences get the best of both worlds being set in the heart of Cleveland centre, and with a waterfront view. You'll catch the occasional pod of dolphins and a beautiful sunset every night all from the comfort of your own balcony. There are weekly farmers markets a few streets away on Bloomfield Street and monthly Twiight Makers Markets right at our doorstep along the harbour. Raby Bay Harbour restaurants just a short stroll away, Cleveland CBD and train station is less than 5 minutes walk away.
- Central in Cleveland
- Total Nett $131,316, Asking for $630,000 on MLR business + Manager Residence on Valuation
- Fantastic Body Corporate salary of $109,690, with annual increase by 3% or CPI, which is greater
- Very well run complex and well established and steady business, all procedures documented
- There are the least facilities in complex, no pool, no gym, no BBQ, no lift, easy to manage
- Small letting pool to give you an undisturbed lifestyle
- Stunning complex very popular with long tenants
- 23 years long agreements on contracts
- Large and Modern manager residence comprises three bedrooms, two bathrooms, three car spaces and large storage
- No office, be contactable during normal hours
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle and permanent management right! Come and take a look, we are sure you will be impressed!
Business Summary
Key Investment Insights
Key insights:
1. Prime location in Cleveland, a popular seaside holiday destination with easy access to the city.
2. Strong net income of $131,316, with a reasonable asking price of $630,000 for the business and manager residence.
3. Excellent Body Corporate salary of $109,690 with annual increases.
4. Well-established and well-run complex with documented procedures.
5. Limited facilities in the complex, making it easy to manage.
6. Small letting pool for a more relaxed lifestyle.
7. Popular complex with long-term tenants.
8. Long 23-year agreements in place.
9. Modern and spacious manager residence with three bedrooms, two bathrooms, and three car spaces.
10. No office required, allowing for a more flexible work schedule.
11. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
12. Rare opportunity to purchase a beautiful lifestyle and permanent management right.
