Melbourne, Victoria

$1,085,000

Property Description

A RARE OFFERING

Located in the quiet suburbia this is one of the very few management rights for sale in Melbourne.

A few minutes walk to all amenities, including train station, shopping centre, schools and entertainment.

Great tenants, Owners Corporation and Committee.

Quality tenants are easily found and vacancies are not a problem here. No need to spend advertising dollars to entice tenants into this well situated and popular gated townhouse complex.

Low maintenance grounds with a healthy caretaking salary of $102,000 is the icing on the cake.

Businesses of this nature are hard to find, act now before you miss out!

Property Summary

Business Snapshot

Price: $1,085,000 Net Profit: $159,000 Remuneration / Body Corp Salary: $102,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes
Great townhouse in gated community.

Complex Information

Complex Type: PermanentTotal Units in Complex: 70Total Units in Letting Pool: 40Permanent Units: 40Owner Occupy Units: 26Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 13 yearsPool: YesGym: YesPay TV: Yes

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Map Location ( get directions )

Melbourne, Victoria 3004 Exact map location not provided

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