A LITTLE GEM IN THE HEART OF LABRADOR!
Here is a great opportunity for an astute management rights buyer.
This complex is made up of 18 townhouses/duplexes. The complex is easy to maintain so is not time consuming. And, there is the opportunity to build the letting pool to 6 units.
There are 3 choices here:
1. You could keep your job and earn an extra income of $29,778 per year doing the care taking of the property while living in a great duplex.
2. Increase your income by rebuilding the letting pool. Five rentals in the complex are with outside agents.
3. Buy as an "add on" to your existing management rights with all the benefits. No need to live on site and managers unit could rent out for around $380 per week.
The manager's unit is a spacious 3 bedroom duplex with a renovated modern kitchen, new appliances and beautiful flooring. It has recently been painted throughout and there are solar panels with a 5Kw inverter.
BONUS: The current manager makes an extra $8,000 p.a. carrying out gardening duties for owner occupiers and landlords over and above Body Corporate salary.
Business SnapshotPrice: Offers over $510,000Net Profit: $25,072
Managers UnitBedrooms: 3