TROPICAL RESORT LIFESTYLE WITH STUNNING ONSITE HOME WITH AN OCEAN VIEW - 1P4384MR
CRE Brokers is pleased to present these 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 with Ocean views, double garage, quality finishes with stone kitchen tops.
There is a 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 : 4
NET PROFIT : $86,000 (projected)
REAL ESTATE PRICE : $535,000
BUSINESS PRICE : $360,000
TOTAL ASKING PRICE : $895,000
Price: Management Rights $895,000
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