Tweed Heads South, New South Wales

$705,000

Property Description

Business For Sale - Off The Plan Permanent Complex Tweed Heads South - ID 8920 BL

OFF THE PLAN PERMANENT MANAGEMENT RIGHTS
Quiet Area in Tweed Heads South

- 45 brand new luxury townhouses in new housing estate
- Only groundwork and gardens as no pool onsite
- Estimating 18 - 22 rentals - clawback conditions apply
- Settlement date expected May/June 2019
- Agreements state no need to live onsite
- Easily managed by 1 person OR as an add on business model
- Close to neighbourhood shops, schools and the river
- 5 mins to clubs, cafes, restaurants, less than 10 mins to the beach
- 3 bedroom manager's residence ($440,000)

This is an ideal first time complex for someone retiring but still wanting to maintain some incomeOR as an add on business for a competent and organized operator.

Net Profit: Expected $65,000 - $75,000
Asking Price: $705,000
(inclusive of managers real estate)

For further information on this off the plan management rights opportunity, contact
Exclusive Agent Tony Johnson

Property Summary

Business Snapshot

Price: $705,000 Net Profit: $65,000 Remuneration / Body Corp Salary: $45,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 45Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent


Marketing Agency

MR Sales

Tony Johnson
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Tweed Heads South, New South Wales 2486 Exact map location not provided

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