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Great buying opportunity on the South-side.
The Vendors, having been in the Industry for many years, sadly, must give up the offering on sound medical advice. This is a one off opportunity for a keen purchaser to buy a steady business and excellent home below current market values. Due to the seriousness of these health issues the Vendors at this south-side complex of 60 units have a real genuine need to sell the business and residence.
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 $420,000
BUSINESS PRICE $710,000
TOTAL ASKING PRICE $1,130,000