Looking for a large stand-a-lone manager’s residence with separate dining area and separate lounge with covered entertainment area and good back and side yards, well look no further ! This property also has 3 generous sized bedrooms with ensuite to the main, study and office on title and a double lock-up garage to boot as well as 5 air-conditioners to keep you cool in the heat and toasty warm when it’s cold.

Where is this property? It’s in a location that has transport practically at it’s front door, shops and medical centre across the road, major shopping centres with 10 minutes drive and did I mention the Golf Course across the road.

What more you say? How about a business that has a very manageable workload, has no cleaning income in the figures, not a lot of repairs and maintenance income (will provide some upside for the handy) and will net you a little shy of a quarter of a million dollars a year. This complex has a waiting list for tenants and has never had a problem with occupancy.

This business is combined with a smaller business only 2 minutes drive away with caretaking and letting only – no further real estate purchase required. You will need a full license to run this property because of the fact that the 2 complexes are remote from each other. This smaller business is recently built, with good room to grow its income.

The owners are looking to move on to a new complex once they have found a suitable and caring purchaser to take over this well run property. All figures have been verified by an experienced Management Rights Accountant and a recent valuation has been done on the manager’s accommodation. No hidden secrets here just a great property to make your own.

Manager’s Accommodation: 3 Bedroom, ensuited, large undercover, DLUG
Stand-a-lone, 5 X A/C’s
Total Units In Complexes: 52 + 24 = 76
Total Units in Rental Pools: 45 + 22 = 67
Rental Figures: $380pw – $385pw
Complex Facilities: Pool in each + BBQ
Module: Accommodation
Years to Run on Agreements: 18 & 24
Equipment: Body Corporate + Owners
Pets: Allowed with BC Approval
Ass Clauses Signed: Yes
Office Program: REI Master
Office: On Title
Office Hours: None on Agreements
Storage: Plenty
Body Corporate Salary: $64,410 + $21,600 = $86,010 pa

Manager’s Unit Price: $410,000
Business Price: $1,240,000

Net Profit: $241,000

(The purchasers should rely on their own due diligence in relation to any information supplied about this Business)

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.