This is a great Sunland Development in a growing area of the Gold Coast Hinterland. It has a nice big 3 bedroom ensuited manager’s townhouse with tandem garage and good sized office on site. Nice entertainment area at the rear and looks brand new.

Easily managed by one person which is how it is being currently run. This business can still show some good upside with further repairs and maintenance income possible.

The area has facilities all around and only a short drive to the beaches of the Gold Coast or 30 minutes or so drive back to Brisbane.

Manager’s Accommodation: 3 Bedroom, ensuited townhouse with Tandem and A/C
Totat Units in Complex: 44 X 3 Bedroom Townhouses
Total Units in Rental Pool: 35 X 3 Bedroom Townhouses
Rental Figures: $380pw – $400pw
Complex Facilities: Pool, BBQ, Spa, Gym, Park next door
Module: Accommodation
Years to Run on Agreements: 21 yrs
Equipment: Body Corporate
Pets: Yes with B/C Approval
Ass Clauses Signed: Yes
Office Program: Hirum
Office: On Title
Office Hours: None on Agreements
Storage: Plenty
Body Corporate Salary: $49,890

Manager’s Unit Price: $410,000
Business Price: $585,000

Net Profit: $128,000

(Purchaser should rely on their own due diligence figures for verification of Net Profit)

This property would be an excellent start in the industry for the first time management rights buyer so give Don Brady a call now on 0400 211505 for an inspection time and be prepared to be impressed.

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.