Beachside Management Rights with excellent body corporate/committee and long agreements in place. Exclusive to CRE Brokers.
• Has been run by one owner, could easily be a very relaxed family or semi-retirement business.
• Envious position, close to shops and restaurants.
• 35 units with 28 in the letting pool.
• 21 year agreements as of November 2018.
• Fully renovated manager’s apartment with open plan living, new kitchen with stone benchtop and a large balcony.
Business Price: $1,200,000
Unit Price: $400,000
Net profit: $320,625