Mudgeeraba
Sold
Management Rights
- 16 Total Units
- Permanent Complex Type
- 7 Letting Pool
- $32,000 Net Profit
- BBQ, Pets Allowed, Pool Features
Property Description
NO REAL ESTATE TO BUY. 29 PERCENT RETURN
This compact permanent Management Rights operation is an ideal "first time" business, part-time enterprise or a "Bolt On" to your existing business portfolio. With a total of 16 units in the complex and seven in the letting pool, the bulk of income is derived from Body Corporate salary. No need to purchase a manager's unit, no office, no set office hours and minimal grounds maintenance. Very affordable at only $110,000, representing a total return on investment of 29% on net income of $32,000. Looking for more? Why not consider also purchasing the sister business next door as one package? Together the two businesses will generate total net income of $86,000 and will including a 3 bedroom, 2.5 bathroom manager's townhouse with office attached. This package has a total asking price (for both businesses and real estate) of $650,000.
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