Permanent Management Rights $1.2 Million
Complex Overview
A well-maintained 58-unit complex set among mature gardens, featuring:
• Sparkling swimming pool
• Tennis court
Convenient Location
The complex is conveniently located close to:
• Regular public bus services
• Excellent shopping options, including Runaway Bay Shopping Village and Harbour Town Premium Outlets
• Schools
• Main roads
• Hospitals
Business — $350,000
• Office hours: 9:00 am–3:00 pm, weekdays only (excluding public holidays)
• Remuneration: $98,039
• Net profit: $104,979
• Current letting pool: 7 units
• New 10-year agreement
Revenue Growth Potential
• Expand the letting pool by attracting the 7 externally managed rentals
• Generate income from unit sales (full real estate licence required)
Manager’s Residence
• Single-storey, freestanding design
• Three bedrooms, with one currently used as an office
• Two bathrooms
• Open-plan lounge, dining area and kitchen
• Separate laundry
• Private courtyard and 2 car spots (On Title)
• Air conditioning
• Solar panels with a 10 kW battery