Mudgeeraba, Queensland

$480,000

Property Description

LIVE OFF SITE. SCOPE TO IMPROVE.

Current manager rents out their onsite apartment for $300 p.w. (income in addition to net profit shown)

No set office hours. 24 years remaining on management rights agreements.

Body Corporate salary of $38,000 comprises the bulk of current income.

Low maintenance complex easily operated by one person.

Option to bolt onto another business.

Pet friendly community located in the heart of Mudgeeraba village and so close to the convenience of Robina town centre and all that it offers.

Much sought after rental properties with a great opportunity to increase profits by adding to rental pool from existing outside agents.

Property Summary

Business Snapshot

Price: $480,000 Net Profit: $44,000 Remuneration / Body Corp Salary: $38,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $360,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 30Total Units in Letting Pool: 9Permanent Units: 9Owner Occupy Units: 10Outside Agent Units: 10Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jenny Zheng
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mudgeeraba, Queensland 4213 Exact map location not provided

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