Vendor urgently wanting to move on .. BEST BUYING OPPORTUNITY!
On offer is the managements Rights and associated Real Estate of 2 gated permanent complexes that are side by side in the highly desired suburb of Carrara on the Gold Coast in Queensland.
Additionally, there is a rental pool from another neighbouring property that is parcelled with this.
These easily managed complexes in the heart of Carrara can be run by one person.
There is a total of 188 units in the offering with 56 in the letting pool. Accommodation module agreements are in place.
The managers residence is a 3 bedroom townhouse with office attached and on title while a second 4 Bedroom residence is currently being rented out for $440 per week. The rent from this residence is not included in the nett profit.
Common area maintenance is minimal and is performed by one person and completed in less than one day per week.
All of the rental business is managed from one office and on one computer, but although there is no requirement to live onsite at the second complex, there is an obligation to purchase an apartment in it.
This offering is currently showing a net profit of $205,000 and there is massive upside for the next owner.