Teneriffe, Queensland


Property Description

Salary Review: the greater of CPI or 5% on $177 925.

A package deal located in the heart of Teneriffe, and, every convenience within walking distance. This business opportunity consists of: two Prestige contiguous buildings; and the caretaking and letting of a small neighbouring building. There is one managers' apartment required as part of the Caretaking Agreement to be purchased. The Managers Apartment price $700,000 and business package price $1,584,000. Included with the generous incomes from the contiguous Management Rights buildings is the caretaking income of $15,000 plus letting fees from the small neigbouring building. A second apartment is available for sale at $650,000, however, it is not included in the Total Package Price $2,284,000.

Aesthetics and environment coalesce, the garden construction and careful design incorporating drought tolerant species . The effect merging the solid surfaces of the buildings with the backdrop of the natural park-space behind the residences. The outcome: spectacular presentation; a low mainteneance gardening schedule; and light cleaning applications to maintain the high standard appearance of the complexes.

This is a genuine opportunity for the "savy" business operator willing to provide the full suite of services to this community of owners. There are no prescribed office hours.
For a business memorandum contact your RAAS Joint Listing Brokers:

Peter Sagner
Mobile 0401 814 404
e-mail peters@raas.com.au

Jim Prentice
Mobile 0412 984 684
e-mail jimp@raas.com.au

Property Summary

Business Snapshot

Price: $2,284,000 Net Profit: $303,000

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 98Total Units in Letting Pool: 54Holiday Units: 54Agreement Term: 25 yearsAgreement Term Remaining: 17/18 years

Marketing Agent

Marketing Agency

RAAS Group

Peter Sagner
RAAS Group


Listing Tools

Property Map

Map Location ( get directions )

Teneriffe, Queensland 4005 Exact map location not provided

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