NO REAL ESTATE TO BUY. 29 PERCENT RETURN
This compact permanent Management Rights operation is an ideal “first time” business, part-time enterprise or a “Bolt On” to your existing business portfolio.
With a total of 16 units in the complex and seven in the letting pool, the bulk of income is derived from Body Corporate salary.
No need to purchase a manager’s unit, no office, no set office hours and minimal grounds maintenance.
Very affordable at only $110,000, representing a total return on investment of 29% on net income of $32,000.
Looking for more? Why not consider also purchasing the sister business next door as one package? Together the two businesses will generate total net income of $86,000 and will including a 3 bedroom, 2.5 bathroom manager’s townhouse with office attached. This package has a total asking price (for both businesses and real estate) of $650,000.
Net Profit: $32,000 Remuneration / Body Corp Salary: $21,000Body corp salary review: CPI Annually
Managers UnitPets OK: Yes
NO REAL ESTATE TO BUY.
Complex InformationComplex Type: PermanentTotal Units in Complex: 16Total Units in Letting Pool: 7Permanent Units: 7Owner Occupy Units: 5Outside Agent Units: 4Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: YesBBQ Area: YesPay TV: Yes