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GREAT BUYING OPPORTUNITY ON THE SOUTH-SIDE.
The Caretaking and Letting Agreements run until 2041 with options available to extend further thus providing excellent security over your investment.
THE VENDORS ARE WILLING TO CONSIDER ALL REASONABLE OFFERS.
The complex is currently run with the help of a part-time gardener but would suit either a couple or single operator to fulfill the requirements of the Body Corporate Agreement. All equipment, including a ride-on-mower, to maintain the common areas of the complex is owned and serviced by the Body Corporate
The net income has been steady for some time now and there is an opportunity for a manager to increase the bottom line with the addition of other income streams.
In today's market this home and business package represents good value for money and must be inspected at the earliest.
TOTAL NUMBER OF UNITS: 60
UNITS IN LETTING POOL: 50
MANAGERS RESIDENCE: 3 BEDROOM FREE STANDING TOWNHOUSE
NET PROFIT: $155,000
REAL ESTATE PRICE: $412,500
BUSINESS PRICE: $697,500
TOTAL ASKING PRICE: $1,110,000