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EXCLUSIVE TO CRE BROKERS
Just think, only 11 km east of the CBD and mere minutes to the bay.
Live and work comfortably in the three bedroom Manager's Townhouse, plus office and two car spaces. Highly attractive with: Long term Agreements in place; Accountant prepared net profit figures; healthy sinking fund; a 'rock solid' secure salary contract with excellent inbuilt growth of 5% until 2041.
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 : 36
MANAGERS RESIDENCE : Three Bedroom Townhouse
NET PROFIT : $153,678
REAL ESTATE PRICE : $320,000
BUSINESS PRICE : $688,000
TOTAL ASKING PRICE $1,008,000