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For Sale

Management Rights + Unit - Gold Coast Central - High income, Minimal gardening, Permanent tenants!

Southport, Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $870,000
    Price
  • Business & Property Management Rights Property/Real Estate Resort

Features


Managers Unit
    Complex Information

    Description


    Time to retire, the owners have decided they are ready to move on, after 5 good years

    In the heart of Benowa, this residence/complex is ideally located, close to schools, shopping, a medical centre, hospital and transport.

    It presents great value for money, particularly considering its location and income growth opportunities.


    Key features:

    Caretakers salary is $122,000 (FY2019)

    Well established permanent complex with 66 units

    0/66 in rental pool, 14 units with outside agents (Possibility to increase the net profit by expanding the rental pool/roll)

    Minimal gardening and mowing

    Well maintained manager's townhouse - Two bedrooms, one bathroom, air conditioning, large attached office, 2 car garage and a private courtyard


    Other information:

    Management Rights For Sale, Income opportunity
    Easy to manage and no fixed office hours
    Supportive committee and long agreements
    No repairs and maintenance currently being performed
    Value for money considering there is real growth opportunity


    A potential income increase is the undertaking of Repairs and Maintenance work, as none is currently being performed by the existing owner / caretaker.


    Asking price:

    $420,000 Townhouse unit and office
    $450,000 Business (Management Rights)
    $870,000 Total Price


    For further information about this great business opportunity please contact:


    Reg Butler 0438 189 657