Manager’s Unit – 3 Br, 2 Bth, A/C
Units in Complexes – 54 & 49
Units In Rental Pool – 49 & 43 (remaining 11 are owners including manager’s unit)
Agreement Term – 25 years & 25 years
Left to run on Agreements – 19years & 21 years
Software Program – Caretaker
Body Corp Fees – $598 p/qtr & $566 p/qtr
Sinking Funds – Approx $123,000 combined
Office Hours – None on Agreements
Salary Increase – CPI
Equipment – Owned by Body Corporate
Storage – Storeroom on Title + 2 Garden Sheds
Pets – Allowed with B/Corp Approval
Rents – $360 – $380 pw
Body Corporate Salaries – $60,439 & $52,196
NET PROFIT – $324,451

This management rights is 2 properties both owned by the same owner side by side working from one unit and one office. The second manager’s unit is currently rented out at $375 per week;

Figures have been done believing they are correct. Any potential purchaser however should do their own due diligence to verify these numbers.

Call now for an inspection on this great business which has plenty of upside with only $2000 in repairs and maintenance income in the figures.