RAAS presents an exceptional opportunity to acquire a well-established Management Rights business in the picturesque and highly sought-after suburb opposite The Broadwater.
This property offers an easy-to-manage complex with a positive Body Corporate. It is an ideal investment for those seeking a good net profit backed by a solid Body Corporate salary.
One of the key highlights of this property is the ability to earn extra income via owner repairs and maintenance. This provides an additional revenue stream, making this investment even more lucrative.
Uninterrupted ocean views from every apartment
32 units - 16 in the current letting pool
Lifestyle flexibility with no set office hours
2-bed, 2-bath residence with private balcony
Investors enjoy good solid returns on their investment units
Sizeable separate office and reception on title with no set office hours
Facilities include a pool, outdoor spa, BBQ area, secure parking and storage areas
Inspections by appointment only
Financials
Body Corporate Salary: $65,916
Management Unit
Management Unit Price: $650,000
Complex Overview
Complex Type / Module: Resort
Total Units in Complex: 32
Holiday Units: 12
Outside Agent: 7
Owner Occupied: 6
Agreement Term: 25
Years to Run: 19