Key Investment Insights
AI generated. Confirm details with the seller.
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.