Key Investment Insights
AI generated. Confirm details with the seller.
1. Net operating profit of approximately $148,586, with more than 70% of income derived from body corporate remuneration.
2. Body corporate remuneration of $107,667 plus GST annually, subject to annual CPI increases.
3. Management rights agreement has 22 years remaining on its original 25 year term.
4. No set office hours, with a contactable management model supporting lifestyle flexibility.
5. Existing letting pool comprises 18 permanent rentals, with potential expansion through 12 properties currently managed by outside agents.
6. Included manager’s townhouse offers four bedrooms, two bathrooms, a double garage and private courtyard.
7. Gold Coast location provides easy access to shopping, schools, major roads, commercial facilities and recreational amenities.
8. Total asking price of $1,580,000 includes the business and manager’s real estate.