Quality, is the best description. Brilliant two bedroom two bathroom apartment with a secure income. Live onsite, operate the management rights & caretaking of the building, long term secure contracts in place offers peace of mind. There are no set office hours in the agreements, you decide what to do when you wish. The income is made up of two streams, one is a monthly payment from the body corporate for taking care of the complex, the second is commssion earned on renting the apartments out on a long term basis to tenants.
The other good news, all of the apartments are owned by investors who will pay you to take care of their apartments.
Crescent on St Crispins, is an attractive permanet letting complex of 18 apartments. As one of the last apartment complexes built in Port, it offers undercover & secure parking, beautifully landscaped surrounds and a huge pool / bbq area for general use.
Positioned less than 3km from the main street and amongst Ports Big 4 resorts it completes the picture for seasonal workers looking for something a little above what the standard accommodation offers in the current climate.
The Managers apartment is positioned on the far side of the dual building, boutique complex and has 2 bedrooms / 2 bathrooms with over 300sqm of fenced, landscaped, exclusive use area. Pets can be approved on a case by case scenario through the body corporate.
The unit owners are either interstate or based off shore. This complex enjoys exceptional occupancy rates . All apartments are in the letting pool, Body Corporate Salary of $27,500 plus GST. Expected net profit of $42,000.
25 year agreements with 21 left to run, a safe secure, well managed complex that offers exceptional buying.