Molendinar, Queensland

$1,000,000

Property Description

Business For Sale - Permanent Management Rights Complex - ID 8536 BL

- Townhouses & Villas
- Management Rights For Sale
- Northern Gold Coast location
- 40 x 3 bedroom residences with 27 in the letting pool
- 2 outside lets included
- Long agreements with average rents of $395 - $410 per week
- Office on title with no set hours
- Large exclusive use area with storage shed
- Swimming pool and security gates
- Close to Gold Coast University Hospital and Griffith University
- 15 minutes to the Broadwater and Southport
- Pet friendly for the manager
- Well presented complex in quiet bushland setting. Single level 3 bedroom, 2 bathroom, air conditioned residence with large private courtyard. Near new kitchen and ensuite to main bedroom.

Net Profit: $131,000
Asking Price: $1,000,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Listing Broker
Warren Oliver

Property Summary

Business Snapshot

Price: $1,000,000 Remuneration / Body Corp Salary: $61,824Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $370,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes
Well presented three bedroom residence, Two bathrooms, Air conditioning, Large entertainment area, Garage, Exclusive use of storage shed and yard plus two extra car spaces, Brand new kitchen, Refurbished bathroom and ensuite

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 27Permanent Units: 27Owner Occupy Units: 6Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 17 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

Warren Oliver
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Molendinar, Queensland 4214 Exact map location not provided

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