The Best Management Rights In Victoria | Resort Brokers ID : MR003993
Resort Brokers ID : MR003993
- Excellent return of 27.5%.
- The management rights business includes fixed remuneration for caretaking duties and a service and commission for renting out the apartments. The split is 55%/45%.
- Unit owners are responsible for all replacements, repairs and maintenance.
- No requirement to buy a unit.
- Modern complex built in 2005.
- Management rights business with 20 years remaining (agreement expiring in 2036).
- High occupancy.
- Located between two world class golf courses.
NB: Property inspections are by appointment only
Date updated: 18 Aug 2017 23:00:09
Business SnapshotPrice: Under Contract / OfferNet Profit: $329,200 Remuneration: $45,000
Managers UnitBedrooms: 2Office: On Title
Complex InformationTotal Letting Pool: 28Agreement Term: 20 years