This is a caretaking only property with no license required under this arrangement. There are 3 rentals available should any person with a license wish to take them on.

The unit is a 2 year old 2 bedroom, 2 bathroom apartment with ground floor balcony and office on title with extra storeroom space also on title. There are also 2 large exclusive use storerooms for use by the manager. The apartment has A/C in the living room as well as the main bedroom and ceiling fans throughout. It also comes complete with microwave over and clothers dryer. Floor area of 133 sq metres.

The location is fantastic only metres from the water with ferries nearby, train station up the road, RSL next door and all other amenities within close proximity.

Manager’s Apartment: 2 Bedroom, 2 Bathroom
Units in Complex: 48
Units in Rental Pool: Nil
Module: Accommodation
Years to Run on Agreements: 23 yrs
Office Software: N/A
Office Hours: None
Pets Allowed: Yes
Complex Facilities: Pool
Cable & Foxtel: Yes

Body Corporate Salary: $50,000 (inc by CPI)

Manager’s Apartment Price: $470,000
Business Price: $165,000

Net Profit: $51,000

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.

Call Don Brady now for an inspection of this great caretaking only. Ask for the potential moving forward that could add up to $30,000+ to your bottom line for a little bit more of a spend with this property.