An excellent permanent residential complex well positioned midway between the Gold Coast and Brisbane just off the M1 highway.
A healthy Body Corporate salary and rental pool, within this gated community of free standing villas, offers a great income. And long management agreements are in place.
The manager’s residence features a five bedroom stand alone house on a large block of land. Plenty of room for the whole family to enjoy, with the added bonus of the onsite facilities such as pool and tennis court.
This business is strategically and geographically well placed to offer tenants both the convenience of a central location together with sort after on-site facilities in this high rental demand area.
Net Profit: $355,000 Remuneration / Body Corp Salary: $184,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $539,000Bedrooms: 5Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes
Five bedroom stand alone house on a large block of land.
Complex InformationComplex Type: PermanentTotal Units in Complex: 160Total Units in Letting Pool: 103Permanent Units: 103Owner Occupy Units: 43Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesTennis Court: YesBBQ Area: YesPay TV: YesFunction Facilities: Yes