Back On the Market- Needs to be Sold.

Due to health issues the owner must sell and will look at all offers:

This easy to keep complex must be sold due to health reason and the owners will look at all offers. This lifestyle spacious 3 bedroom double garaged town house plus attached office also offers a large rear back garden suitable for buyers with children or just to relax in after a good days work.

Complex

Total number of units: 60
Units in rental pool: 46
Managers Residence: Very Large and spacious 3 Bedroom free standing town house: Total building size 205.23 Sqm
Manager’s car spaces: Double Garage
Office on title: 1
Recreation: Covered inground pool and BBQ pavilion plus Gym plus park land
Built Approximately 2012

Financials

Listed Price $ 1,050,000.00
Managers Unit $ 410,000.00
Management Rights $ 640,000.00 (4.4 multiply)
Nett = $145,000.00 + GST (Salary = $76,306.200 + GST)
(increases as per CPI on 23rd December)

Letting Business

Letting Pool: 46
Owner Occupiers: 8
Outside Agents:6 (these could potentially be acquired by the manager).
Total units In Complex: 60
Agreement Term: 25 years
Agreement Remaining: 23 years
Agreement Age: 2012 started

Must be sold act now and call John Diprose for more details

Please Note: This information is provided as a guide only and is based on figures provided to Onsite Property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.