Come along and have a look at probably the only Management Rights Business in this neck of the woods netting $172k with a 153 Square Metre Apartment -YES a 153 Square Metre Apartment!

The unit has been tastefully reburbished and has a utility room that is being currently used as an office but without too much trouble could be converted into a 3rd bedroom or perhaps another bathroom with a bit more effort. The balcony is huge and just right for those nights of entertaining with a cool Northerly Breeze in your face. Comes with 1 secure carpark and because a lot of tenants do not own cars finding another is generally not a problem.

There is an exclusive use office on the ground floor which is not currently used for the Business but is available to you.

This business had grown it’s bottom line in the last 12 months by approximatley $12k and is still growing. What else you ask? – well there is still plenty of upside in this complex. There is no repairs and maintenance income in the figures – NONE!! so right there is plenty of upside without this properties natural growth. What are you waiting for – PICK UP THE PHONE NOW!!! Did I mention that there are no facilities to look after – No Pool, No BBQ, No Gym, No Lift, No nothing and a Body Corporate Salary of over $97,000.

Manager’s Apartment: 2 Bedroom with Large Balcony and 2 secure carparks
Total Apartments in Complex: 66 X 1/2 Bedroom Apts
Total Apartments in Rental Pool: 38 X 1/2 Bedroom Apts
Complex Facilities: Nil
Module: Accommodation
Years to Run on Agreements: 21 yrs
Equipment: Body Corporate/Manager
Pets: Yes with BC Approval
Ass Clauses Signed: Yes
Office Program: REI Master
Office Hours: None (only need to be contactable 5.5 days per wk)
Storage: Plenty
Body Corporate Salary: $97,433
Manager’s Apartment Price: $569,000
Business Price: $791,000

Net Profit: $172,000 and growing

(Purchasers should rely on their own due diligence figures for verification of Net Profit)

Simply one of the best complexes of this ilk in this area. Give Don Brady a call now on 0400 211505 to secure an inspection time to view this impressive Business. This is priced to sell so make it yours!

Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied), is given by the agent as to the accuracy of its contents. Proposed purchasers should conduct their own investigations into all matters relating to the proposed purchase of the management rights business.