Recently established business-only management rights opportunity within a modern townhouse complex in the highly desirable bayside suburb of Victoria Point.
Completed in March 2023, the scheme comprises 34 townhouses, with 30 lots in the letting pool. The business generates a net profit exceeding $155,000 and is supported by a body corporate salary of $39,545, indexed annually at CPI or 3.5% whichever is greater. Approximately 23 years remain on the Accommodation Module agreements.
The complex has no shared facilities such as pools or gyms, no set office hours, and no requirement to own real estate or reside onsite. The business is operated by a single person with established systems in place and very manageable caretaking duties.
Victoria Point is a well-established bayside market with strong demand for permanent rentals, supported by local schools, shopping amenities, and reliable public transport.
This opportunity will suit existing operators in the area, as well as newcomers seeking straightforward, business-only management rights in a highly desirable bayside location.
Contact Jeff today to arrange an inspection.
Interested? Why not give Jeff Keast a call on 0414 669 007 or jeff@resortbrokers.com.au
