This easy to run complex is well located with huge repeat and return business
Permission via a variation to live off-site and rent out the manager's unit.
True 1 person operation with 10 units in the letting pool
Low body corp workload, small easy kept gardens.
Freshly painted with new lift installed 2018
Great location with many repeat guests.
Gallery Vie compliant
Separate large office. M-F 8.30 to 11 and 2 to 5, Sat 8.30 to 11, Sunday off
Total number of units in building and breakdown of sizes 2/3 bedroom etc 21 in tower 3 lots commercial building, 20 x two bedroom, 1 x one bedroom
No in letting pool and breakdown of sizes 10 in letting pool , 8 x holiday 2 x permanent lets
Date updated: 12 Dec 2019 23:00:07
Property Summary
Business Snapshot
Price: $799,000Net Profit: $137,235Remuneration / Body Corp Salary: $53,173
Managers Unit
Value of Managers Apartment: $360,000Bedrooms: 2Bathrooms: 2Office: On Title
Complex Information
Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 11Agreement Term Remaining: 21 years