Permanent Management Rights in Labrador
This complex of 21, 3-bedroom 2-bath townhouses in Labrador, is located with quick access to the Broadwater, Harbourtown shopping and dining precincts as well as top level schools, healthcare and transport yet it is in a peaceful pocket away from the hustle and bustle.
- 25-year agreement has 19 years to run,
- Current manager lives off site,
- Net income of over $64K, plus rental income from the impressive manager’s townhouse.
- A separate managers office on the title to work from.
- No fixed office hours.
- Caretaking requirements with the grounds, pool and BBQ area easily maintained and covered by one person working just a few hours per day.
- 3 units managed by outside agents presents an additional income opportunity
- Existing 13 units in the letting pool would be easy enough for a first timer or a couple looking to downsize their work load.
Be quick to enquire as this one ticks the boxes so will attract strong interest
Net Profit: $64,855 Remuneration / Body Corp Salary: $32,705
Managers UnitValue of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2Car Spaces: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 5Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 19 years