Security gated complex with a spacious 3-bedroom town house plus attached large office, the property has had fresh new carpets laid throughout the town house. Great starter complex or to add to your current business and rent the managers unit out for extra income at $510.00 p/w, opportunity to build the rental pool with a possible 3 rentals to start you off, if you wish to negotiate for them.

Complex

Total number of Town Houses: 25
Units in rental pool: 0
Managers Residence: Large and spacious 3 Bedroom town house: Total building size 172.11 Sqm
Manager’s car spaces: Single remote Garage
Office on title: 1
Recreation: Inground pool and BBQ area
Security gated complex

Built Approximately: 2003
Regulation module: Accommodation Module
Live on site: no need to live on site

Financials

Listed Price $ 589,000.00
Managers Unit $ 455,000.00
Management Rights $ 134,000.00 (3.6 x multiply)
Nett Salary = $37,145.00
(increases as per CPI yearly)

Letting Business

Letting Pool: 3 possible by negotiation
Owner Occupiers: 13
Outside Agents: 9 (these could potentially be acquired by the manager).
Total units In Complex: 25
Agreement Term: 25 years
Agreement Remaining: 10 years (+5 years available for new manager)
Start of Agreement: 2003 years

Must be sold act now and call John Diprose for more details
Please Note: This information is provided as a guide only and is based on figures provided to Onsite Property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.