Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult
Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult

Previously Netting $300k! 14 Outside Agents - Selling @ 4.2 Mult

$1,096,000Sold

An opportunity exists for an astute buyer or first time enthusiastic operator to purchase this property and grow the income back to where it was a few years ago. Netting $172,108 but previously $300k not so long ago. This property is ideal for the new buyer wanting to enter into the market or wanting the experience to make this beauty shine and come alive. With 42 units in the complex and 23 in the letting pool and a massive 14 managed by outside agents, the substantial growth to be recognized is great. The caretaking salary is a healthy $55,888 for the work load that is expected and needed. With 21 years on the agreement you could run this complex on your own with a little outside help or run it as a couple.

Key Features

  • 21 years on agreements.
  • 14 outside lets - room for growth.
  • Close to the beach.
  • Three bedroom managers unit.
  • Caretaking duties minimal.
  • Easily run by one or a couple.

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004027
Property Type: Management Rights
Region: QLD - Gold Coast
Suburb: Surfers Paradise
Sale Type: Management Rights - All
Net Profit: $172,108
Price: $1,096,000

Location

Listing Agent(s)

Agent Feedback

Jenny was very professional in her approach and helped us learn a lot more about the process of management rights purchasing. We had numerous variables in our way but Jenny never gave up on us. I would recommend Jenny to any purchaser and assure them they are in safe hands.

- Donald and Karen Shaw
Buyer,
Rainbow Commodore Apartments

Thank you, Jenny Sorenson, for the great effort you put in to sell our management rights business at a satisfactory price. The whole process was managed professionally and smoothly, thanks to your great negotiating and problem solving skills. We can highly recommend you to anyone who wants an agent they can trust and be confident with, to achieve a great outcome for buyer and seller.

- Don and Laurel McKenzie
Previous Owners,
Cordoba Manors