Tweed Heads South, New South Wales

$675,000-$785,000

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
- Choice of 2 or 3 bedroom townhouse for the managers residence
- 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

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.Choice of 2 or 3 bedroom villa for the manager, including the only stand alone residence

Net Profit: Expected $65,000 - $75,000
Asking Price: $675,000 - $785,000
(inclusive of managers villa)

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

Property Summary

Business Snapshot

Price: $675,000-$785,000 Net Profit: $65,000 Remuneration / Body Corp Salary: $45,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 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

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Property Map

Map Location ( get directions )

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

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