SMALL AND PROFITABLE
No unit to purchase and no need to live onsite.
A compact Gold Coast Management Rights complex of 12 units with a pool but no BBQ. Minimal Body Corporate maintenance obligations with no office hours can be easily handled by one person. Sought after location just a few minute’s walk to the Broadwater and only 5 minute’s drive to Australia Fair Shopping Centre. Close to Harbour Town, Griffith University and Gold Coast hospital.
Stable Body Corporate salary of $15,240 plus GST p.a. increasing by CPI each year. 12 years remain on Caretaking Agreement. A total of four units in the onsite letting pool bring the total business net profit to $18,879.
This business is suitable for a management rights beginner or an experienced property manager who wants to add onto an existing business.
Net Profit: $18,879 Remuneration / Body Corp Salary: $15,240Body corp salary review: CPI Annually
Complex InformationComplex Type: PermanentTotal Units in Complex: 12Total Units in Letting Pool: 4Permanent Units: 4Owner Occupy Units: 1Outside Agent Units: 7Agreement Module: AccommodationAgreement Term: 25 yearsPool: Yes