Description

An outstanding opportunity to purchase two centrally located permanent management rights complexes currently run and sold as one business. Complex One has a 3 bedroom, 2 bathroom, 3 carpark manager unit. Complex Two contains no managers apartment and the real estate component is a large office / reception area. Both businesses are currently being operated externally by the current owner with a representative living on site providing additional income.
•Jointly 104 units in letting pool
•Joint total real estate $615,000
•Both complexes are under 25 accommodation module with long remaining agreements
•Total operating profit $502,056
•Perfect for a syndicated purchase