Priced reduced. Easily managed and operated by one person, or anyone new to the industry. All support and training will be given.

Business: $240,000
Unit: $650,000
Total income per year = aprox $112,860 GST incl.
Total Asking Price: $890,000
(Inclusive of manager's real estate)
Low multiples.

Body Corp Salary $5,905.04 per month
Rent roll aprox: $3,500 per month more if work is done in units for owners.
CPI increase every year

- Central Gold Coast in sort after location near M1, Nerang train station, The Heritage Bank Stadium & Emerald Lakes Golf Course. Great for Suns supporters or improving your golf swing.
Lovely park next door to let the dog off the lead or play with the kids.
- Long-term managers of 16 years now retiring
- Long agreements
- Supportive and proactive committee
- First time to market in 16 years
- Lovely rural outlook
- Renovated 3 BR residence & office
- Growth potential for work in the complex plus increasing rental pool.
- No employees
- Pet friendly
- No set office hours

The fully renovated residence consists of 3 large bedrooms and 2 newly renovated bathrooms, plus a large 2-car garage and separate office. A large front balcony plus a completely private large rear balcony. Also, a huge storage space and workshop area behind the garage.
The complex is easy to look after with no office hours. located within minutes of schools and shops & only 15 minutes to Broadbeach. Present owners outsource a lot of the work so there is potential to increase income for the “Do-it-yourself, handyman."
This is an ideal sort after complex to live and work in.

Property Summary

Body corp salary review: CPI Annually
Accommodation Permanent
Managers Unit: Yes DB large Garage 2 CarSpaces
Number of Units: 44
Letting Pool 15
Lockups None
Holiday lets None
Office hours No set hours
Agreement Term 23 years
Letting Pool Yes
Pet-Friendly Yes
Pool: Yes
Employees None
For further information or to arrange an inspection of this perfectly presented Gold Coast Management Rights business for sale contact: Georgie

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.