The current managers have been insitu for nearly 6 years and the previous managers ran the complex for approximately 9 years so this in itself says so much.

This complex is capably managed by the current working couple with the ground work able to be done in a few days per week and with a easily run rentroll this property is a comfortable fit for most people. Of course if you want to expand your horizons within this property there is plenty of scope for the handyman a low number for the repairs and maintenance income in the last 12 months. Should you also have your sales license or be prepared to get one then the opportunity to be involved in the residential sales of units in this complex could be huge. The current managers have conducted some sales themselves which have achieved an extra income(not in the figures given) of nearly $30,000.

Manager’s Unit: 3 Bedroom, 1 Bathroom Villa (spacious)
Total Units in Complex: 175 Townhouses and Villas
Total Units in Rental Pool: 36 Townhouses and Villas
Module: Standard
Years to Run 8 yrs
Complex Facilities: Pool, Spa, Tennis Court, Foxtel, Cable, BBQ
Pets Allowed: Yes
Office Software: REI Master
Office Hours: Nil

Body Corporate Salary: $147,922 (Inc by CPI)

Manager’s Unit Price: $354,000
Business Price: $885,000

Net Profit: $193,000

The manager’s unit is a comfortable 3 bedroom with large entertainment area out the back and affords good living area space with office on title. The managers will have a full top up to 10 years for the successful purchaser as part of the conditions of sale.

Call Don Brady from Viking now on 0400 211505 for your inspection time on this property chock full of potential.