Easy Care Permanent Management Rights Labrador
This stylish 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 is in a peaceful pocket away from the hustle and bustle.
The 25-year agreement has 19 years to run, and the current management rights owner lives off site, so with a net income of over $64K, the added rental income from the impressive manager’s townhouse adds to the attractiveness of this complex.
While there is a separate managers office on the title to work from, there are no fixed office hours, and caretaking requirements are easily covered by one person working just a few hours per day with the grounds, pool and BBQ area easily maintained.
3 units managed by outside agents presents an additional income opportunity but the existing 13 units in the letting pool would be easy enough for a first timer or a couple looking to downsize their work load.
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