Perfect first complex or add on to existing operation.

Description

Perfect complex to start into the management rights industry or add complex to existing operation. The complex is easily managed by one person and has a secure net profit of $73,025.
The manager’s residence has 3 large bedrooms plus large office, with two bathrooms, three balconies and a large rear deck. (Please note the caretaker must live on-site under the agreements)
With 18 year long caretaking and letting agreements in place you can enjoy the Gold Coast lifestyle from the central location of Chevron Island.
Key features:
– Body corporate remuneration of $35,388
– Net operating profit of $73,025
– Beautifully presented complex in excellent Chevron Island location
– Letting pool of 13 permanent apartments
– Well appointed 3 bed two bath manager’s residence
– Easily run by one person
– Accommodation module with 18 years remaining
This also includes 6 units at Pacific Gem all permanent letting for a Net Profit of $24,400
Also an additional 11 Units in an External Rent Roll for a Net Profit of $16,900
This is a Total of $92,300 when combined.
Please make contact with Larry Seburn via email or phone to receive a full information pack upon signing of confidentiality agreement.
*Note that the information provided is to the best of our knowledge and understanding based on what is available. Purchaser to carry out their own investigations and due diligence to confirm their direction on proceeding forward with an offer.

For Sale $920,000

  • Listing Ref: STC-01816
  • Property Type: Management Rights
  • Property Category: Permanent
  • State: QLD
  • Suburb: CHEVRON ISLAND
  • Net Profit: $73,025 (Actual)
Larry Seburn
+61 403756755
0403756755
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