$1,000,000 NETT INCOME
Incredible Business first time offered.
Brilliant short and long stay apartments in very strong corporate location. First time offered for sale. Beautifully presented throughout with a high 4.5 star quality. Opportunity to still grow this business.
- Very good upside to increase short stay business
- Prime location off Go Between Bridge
- Quality presentation throughout
- Sustainable huge nett profit
- High Caretaking salary with light duties
- Long agreements 20 years plus
Net Profit: $1,100,000 Remuneration / Body Corp Salary: $258,444Body corp salary review: Other
Managers UnitValue of Managers Apartment: $1,420,000
3 units - Refer Information Memorandum from Agents
Complex InformationComplex Type: PermanentTotal Units in Complex: 199Total Units in Letting Pool: 154Permanent Units: 154Agreement Term: 25 yearsAgreement Term Remaining: 20-23 yearsPool: YesGym: Yes
Other Features / Notes
Full security buildings