Opportunity in Upper Coomera. Great location, fantastic potential. Motivated vender
This is a fantastic opportunity to purchase in the very popular Upper Coomera area with potential to grow your Management Rights business. With a guaranteed salary of $60,000 per year and additional income from the rental pool of approximately $24,000, this is great for semi-retirement or additional income.
It is a permanent rental complex with 14 units currently rented through outside agents creating an opportunity to grow your rental pool.
The managers unit is a 3 bedroom townhouse with 2 bathrooms, office, open plan living and double garage with internal access. A new 15 year agreement and no office hours makes this a nice lifestyle choice.
Upper Coomera is located on the Northern end of the Gold Coast with easy access to the M1, theme parks, great choice of schools and the just opened Westfield Coomera shopping centre. The area is a very strong investment market with 40% of the population living in rental accommodation and a low vacancy rate of just 1.54%
The current owner is motivated and is priced to sell, looking for offers around $675k for both the unit and MR business.
Call today to arrange a viewing.
Love Management Rights.
Love the Lifestyle.
Net Profit: $84,000 Remuneration / Body Corp Salary: $60,000
Managers UnitValue of Managers Apartment: $305,000Bedrooms: 3
Complex InformationComplex Type: PermanentTotal Units in Complex: 42Agreement Term: 25 yearsAgreement Term Remaining: 15 years