2 min walk to beach, a complex suitable for the beginner or the retired couple looking for extra income.

Current managers both work part time

1. Managers Unit Lovely aspect overlooking Garden. Tiled unit, 1 bedroom builtin wardrobe & Mainbedroom walkin robe, ensuite. Kitchen has wall oven, rangehood, dishwasher. Secured carpark
2. Potential to convert to holiday. One unit is already a holiday unit .
3. Walking distance to shops & restaurants.
4. Body Corporate Salary $26,800 with CPI increase.
5. 9 units in the letting pool + 1 Holiday Unit
6. Lovely boutique 3 storey walkup
7. Low Multiplier 3.8
8. Close to the Convention Centre, Jupiters Casino & Pacific Fair shopping centre
9. Standard Module 5+5 year term & 5+4 years to run Will update on sale

Managers Unit —–$500,000
Business Cost —-$145,000
Total Price ———-$645,000
Income —————-$43,000

A Management Rights business comprises a contractual agreement with the Body Corporate of a multi-unit complex to supply certain services in exchange for a salary.
Additionally the buyer purchases the right to earn commission and services income by letting out the units of individual owners in the complex .
The asking price includes the title to, and ownership of, the designated managers unit in the complex.

A copy of the Sustainability Declaration Document is available on request from the Agent.