PRICE REDUCED!! PERFECT COMPLEX AS A STAND-ALONE BUSINESS OR AS AN ADD-ON TO YOUR CURRENT MANAGEMENT RIGHTS!
Very affordable permanent letting complex in the heart of the Gold Coast. Ideal for a beginner, part-timer, retiree or someone to add to their existing business. The existing owners live off-site and have a caretaker living in the manager's apartment. However, if you wanted to take care of the care-taking yourself, you can live on-site.
The Body Corporate are more than happy for the management rights owners to live off-site as long as everything is taken care of by a designated manager. Some of the tenants have been there for over 10 years.
Unit: $ 220,000
Total: Offers Over $355,000
14 years to run on current agreement
Price: Offers Over $340,000
Net Profit: $43,954 Remuneration / Body Corp Salary: $38,670
Managers UnitValue of Managers Apartment: $220,000Bedrooms: 1
Complex InformationComplex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 6Holiday Units: 6Owner Occupy Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 14 years