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EXCLUSIVE TO CRE BROKERS.
Just think, only 11 km east of the CBD and mere minutes to the Bay.
Live comfortably in and work from the three bedroom Manager's Townhouse, plus office and two car spaces. Highly attractive "rock solid" security from salary contract growing at 5% until 2041. Additional income from mowing the Council frontage and overseeing the gates is not included in the Net Profit.
This is an established quiet and well maintained complex, with opportunity to grow the: rental pool; maintenance income and consequently the package income. The current manager is ready to retire and has always enjoyed a collaborative relationship with the Body Corporate.
TOTAL NUMBER OF UNITS : 82
UNITS IN LETTING POOL : 35
MANAGERS RESIDENCE : Three Bedroom Townhouse
NET PROFIT : $154,756
REAL ESTATE PRICE : $320,000
BUSINESS PRICE : $688,000
TOTAL ASKING PRICE $1,008,000