Helensvale
$1,135,000
2
2
1
Management Rights
- Permanent Complex Type
- 12 Letting Pool
- $98,189 Remuneration
- $127,853 Net Profit
- $560,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
NO REQUIREMENT TO LIVE ONSITE - QUALITY APARTMENTS
We have the pleasure of offering this attractive residential Management Rights business to the market. Body Corporate Salary of $98,000 plus GST, increasing by CPI yearly. Caretaking salary represents over three quarters of total net income with the opportunity for motivated incoming manager to bring up to 15 outside agents onsite rentals into the letting pool. Plenty of upside for a significant boost in net income here! This is a straightforward to business, with sole operator currently managing both caretaking and letting duties. Residents benefit by being only a ten-minute stroll to Westfield Helensvale, train and tram station. This is an awesome location, where a car is not essential. Other features of this offering include: • Onsite swimming pool & BBQ facilities • Secure parking space and storage in basement • Catchment areas of Helensvale Primary School and Helensvale State High Manager's apartment is a modern 2-bedroom, 2-bathroom, 1-car residence. Presently this apartment is leased out at approximately $28,600 p.a. This income is in addition to that shown as business net profit.
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