Another quality development in good rental area.
Working partner wishes to go to his own OTP complex in November therefor he puts up his total shareholding or part there of for the lucky person to purchase this Management Right.
Please see conditions already stated.
Please contact Robert Collins on 0404678792 or robertc@raas.com.au for information

There is 27 NRAS (AMC good NRAS)
The current manager is an owner operator. He wishes to sell ether 10% or 34%. which is his total share holding.The managers wage is $90,000 per year plus profit of his share holding.There is also $20,000.00 contribution towards employing staff to do the lawns and gardens. or he can keep this and do it himself.
Home is worth $380,000 Income is $456,286.00 ( P&L done by Holmans) multiplier is 5.6 therefor MR is $2,555,201.60 plus home = $2 935,201.60
Therefore you may purchase 10% = $293,520.16 or 34% = $997,968.55
After bank payments and expenses
total left is approximately $246,286 therefor your profit share will be 10%= $24,628 or 34% = $73,885 + your $90,000.00 salary and $20,000.00 contribution to the garden maintenance
All preparatory costs including BC levees, electricity, water, council rates, phones , internet are also paid for by the partnership.