ResortBrokers presents a flexible management rights opportunity with no requirement to live onsite and no fixed office hours, complemented by an easy-care complex with low-maintenance gardens and very manageable caretaking duties, making it ideal for first-time buyers or experienced operators looking to expand their local portfolio.
This well-maintained townhouse complex benefits from strong rental demand and generates a net profit of $108,694, inclusive of a solid body corporate salary of $70,941, with 22 years remaining on the caretaking and letting agreements.
Recent capital improvements include major landscaping upgrades, new pool pumps, additional CCTV cameras and a replacement entrance gate motor, meaning the hard work has been done with no immediate capital expenditure or major maintenance requirements anticipated.
The business offers a very healthy and supportive body corporate relationship and the body corporate supplies and maintains all equipment necessary for caretaking duties.
The new operator can benefit from an additional revenue stream, with the manager’s three-bedroom unit generating $32,760 per annum and further upside potential through consolidating the letting pool, with 11 units currently managed by outside agents.
Interested? Why not give Jessie Shi a call on 0422 935 428 or jessie@resortbrokers.com.au
