Generating a net operating profit of $374,000, this established permanent letting complex in the heart of Tweed Heads, NSW is anchored by an impressive by a CPI-indexed Body Corporate salary of approximately $197,000, providing a compelling balance of secure recurring income and profitability.
Designed for lifestyle flexibility, this opportunity requires no set office hours and no obligation to reside onsite. The spacious 3-bedroom, 2-bathroom manager's residence can be occupied or alternatively rented for approximately $41,000 per annum, creating an attractive additional income stream.
Operational efficiency is enhanced by contracted support, while easy-care grounds and a supportive Body Corporate committee ensure streamlined day-to-day management.
With strong underlying income, low vacancy, further upside through additional lettings and unit sales, plus a competitive multiplier, this business delivers an outstanding combination of income strength, lifestyle appeal and growth potential.
Interested? Why not give Todd Warner a call on 0438 170 763 or todd@resortbrokers.com.au
