HIGH QUALITY, HIGH NET PERMANENT COMPLEX - NO REQUIREMENT TO RESIDE ON SITE | Resort Brokers ID : MR006680
Be quick to act as opportunities like this don’t last long. Perfectly located in a highly sought after central gc location. This permanent/student accommodation complex is easy to manage, with no set office hours or requirement to reside on site. Upside to grow income via letting pool, units sales and repairs & maintenance.
With an extra income stream of around $35k p/a from renting out the manager’s unit, this truly is one of those rare opportunities to invest in a solid, consistent management rights business to call your own.
- Price of manager's unit $575,000
- High quality permanent/student accommodation complex in central GC location
- 25 year agreements
- No office hours or requirement to reside onsite
- >274k net + around $35k manager’s unit rental extra income
- $124k BC Salary
- Consistent business driven by permanent and student letting
- 3 bed, 2 bath + office manager’s unit on title - generating income
- Property inspections are by appointment only
Date updated: 14 May 2021 13:00:06
Net Profit: $274,250 Remuneration / Body Corp Salary: $124,000
Managers UnitValue of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 54Holiday Units: 54Owner Occupy Units: 31Outside Agent Units: 7Agreement Term Remaining: 25 years