Best Western branded property, (optional) with consistently high occupancy via the James Cook University which is virtually across the road, good body corporate salary. Large underground parking with individual storage units. Opposite shopping centre, Good opportunity to secure more units into the pool. This is a great opportunity for a single operator to enter the management rights business at a low multiple. Permission is in place to construct an office on common property, and plans have been drawn up. There is also no requirement in the agreement for the manager to reside on site which is unique. There is wireless broadband through out the complex which is also a good income stream. This property had a nett of 80k last year. Currently run under management.

THE VENDOR ASKS THAT ALL OFFERS BE SUBMITTED,

WILL ALSO CONSIDER TRADE FOR REAL ESTATE.

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Total Units: 28 Letting Units:9 Managers Unit: # 5

1 Brm: 28 Holiday: 4-5 Bedrooms: 1

2 Brm: 0 Perm: 13

Townhouse: Lockups: 0 Ensuite: No

Studios: 0 Owner/O:1 Size: 67 m

Age: yrs 10 O/Agents 17

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Body Corporate Manager: The Community Managers

Body Corporate Fees: $3163 pa Council Rates $1600 pa

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Amenities: Tour Desk, pool, BBQ wireless in whole complex

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Office: On Title B/C Agreement yrs 25

Storage : excl use (plenty) Years to run: 23

Inventory: Two Computers, PABX B/Salary: $38,500+gst Increases: CPI

Hours 8am -5pm M-F Building Type: 2 level walk up

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Computer system EzyRez Vendors Occupancy: 2yrs

Nett: $50,000 Pets Allowed: No

Occupancy Rate: 90% Employ Cleaners: 0 Casuals

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Linen Charges: $19.90 per 1 bed (gst incl) Amenities $9.90

Cleaning Charges: 1 Brm $41 2 Brm:

TV Charges $ Advert: 5.5% gross PABX: $27.50 P&P $7.50

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Unit Value: $ 175,000

TOTAL Price: $325,000

Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied), is given by the agent as to the accuracy of its contents. Proposed purcha