TROPICAL RESORT LIFESTYLE WITH STUNNING ONSITE HOME WITH AN OCEAN VIEW - 1P4384MR
CRE Brokers is pleased to present Management Rights in a highly sought after location in Far North Queensland.
This gated community consists of 24 townhouse style apartments with well-maintained gardens and Resort style Pool and BBQ area.
The Manager's Residence is a 4 bedroom 2 bath unit with ocean views, double garage, quality finish with stone kitchen benchtops. There is 2 Room Office on title to service future growth, generous BC remuneration with low maintenance facilities .
Right in the heart of a tourism hub with scope for the future.
TOTAL NUMBER OF UNITS : 24
UNITS IN LETTING POOL : 2
NET PROFIT : $69,559
REAL ESTATE PRICE : $530,000
BUSINESS PRICE : $295,000
TOTAL ASKING PRICE : $825,000
Price: Management Rights $825,000
Net Profit: $69,559 Remuneration / Body Corp Salary: $48,504Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $530,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: MixedTotal Units in Complex: 24Total Units in Letting Pool: 2Holiday Units: 1Permanent Units: 1Owner Occupy Units: 15Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS