28 unit complex, 4 years old.Only $100,000 equity required for an 18.5% return (including unit)Currently run under management – willing to stay on for a reasonable rateThere is no requirement in the agreement for the managers to reside on siteLocated opposite established shopping precinct and James Cook UniversityThere are approved plans in place to construct an office on common propertyVendor will consider all trade options – house, unit or land in Australia or over seasVendor has an additonal unit in the complex available for the trade optionVendor will consider all offers including properties which exceed the value of this propertyBody corporate salary $38,000 Net profit: $60,000 Turnover: $87,500