Management Rights with Holiday and Permanent Lettings in the Heart of Mermaid Beach!
This complex is a great family resort with tropical gardens and a huge lagoon style swimming pool. It is a three story walk-up with a combination of apartments, townhouses and villas.
There are a total of 70 units with 24 in the letting pool creating a net profit of $215,000 including a body corporate salary of $119,000.
It has an impressive reception area attached to a spacious manager's unit with 2 bedrooms and 2 bathrooms.
This is a very popular family resort!
BC Salary: $119,585
Net Profit: $214,613
Unit Price: $540,000
Business Price: $1,050,000
Total Price: $1,590,000
Net Profit: $214,613 Remuneration / Body Corp Salary: $119,585
Managers UnitValue of Managers Apartment: $540,000Bedrooms: 2
Complex InformationComplex Type: ResortTotal Units in Complex: 70Total Units in Letting Pool: 24Holiday Units: 24Owner Occupy Units: 36Agreement Term: 25 yearsAgreement Term Remaining: 12 years