Southport, Queensland 4215
Management Rights + Unit - Gold Coast Central - High Income, Minimal Gardening, Permanent Tenants!
Under Offer | Under Contract / Offer
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.
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
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.
$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