Victoria Gardens
$1,298,000
  • Victoria Gardens
Bay Side Beautiful This Could be You

Immaculately presented, this expansive complex stands as a hallmark at the Gateway to the Bay-side, offering serenity and privacy. Featuring a spacious three-bedroom Manager's townhouse with a generous office space and undercover parking for two vehicles, it epitomizes refined living. Situated in a burgeoning area, this complex presents an exceptional investment opportunity.

Net Profit: $135,000
Manager's Unit:
Three-bedroom, two-bathroom townhouse
Price: $649,000
Business Price: $649,000
Total Price: $1,298,000

Additional Details:

Impeccably presented complex at the Gateway to the Bay-side
Quiet and private environment
Manager's townhouse features a large office and undercover parking for two cars
Located in a booming area with strong growth prospects
Easy-to-run business with manageable maintenance tasks
Co-operative and non-interfering committee support
64 units in total, with 20 currently in the letting pool and potential for further expansion
Anticipated rise in rents in the near future
Opportunity to increase income through the utilization of a handyman for maintenance tasks currently outsourced

Moreover, optimizing revenue streams is achievable, particularly through the utilization of a handyman to undertake tasks currently outsourced to external contractors.

For inquiries and further details, please contact the Exclusive Agent, Robert Collins, at your earliest convenience via email at [email protected] or by phone at 0404678792.


BUSINESS SNAPSHOT

Financials

Body Corporate Salary: 100785

Management Unit

Management Unit Price: 649000

Complex Overview

Complex Type / Module: Permanent

Total Units Inside Letting Pool: 20

Total Units in Complex: 64

Holiday Units: 0

Outside Agent: 7

Owner Occupied: 35

Agreement Term: 25 Years

Years to Run: 21 Years

Robert Collins
Robert Collins


CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
  3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
  4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
  5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
  6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.