Key Investment Insights
AI generated. Confirm details with the seller.
- The business for sale includes management rights for 4 complexes within close proximity to each other.
- The complexes were completed in 2018/2019 and are in near new condition.
- The complexes have a total of 115 lots, with 36 in the letting pool and one external let.
- The occupancy rate is at 100%, indicating high demand for rental properties in the area.
- There is no real estate to purchase as part of the sale.
- The business does not require the onsite manager to live onsite or have set office hours.
- The body corporate salary is high.
- The agreements for the management rights have 21 years remaining.
- The business can be easily managed by a two-person team on a part-time basis.
- The townhouses in the complexes are in a sought-after suburb for families, with close proximity to schools, shops, and restaurants.
- The business has a projected net profit of $228,732.
- The asking price for the business is $1,258,000.
- The sale is being handled by an exclusive management rights broker, Mark McKay.
- The managers unit is included in the sale.
- Additional information about the complex is available upon request.
