HIGH NETTING PERMANENT MR - NO REQUIREMENT TO LIVE ONSITE!
Offered exclusively to the market by ResortBrokers is the opportunity to secure the the management rights & associated real estate to a prime, large-scale permanent management rights business, located in a stunning position on the waterside suburb of Hope Island.
Harbour Side Marina Apartments is an efficiently run, fully established complex comprising 185 modern apartments. This business offers the incoming operators with good scope for growth and is underpinned by a substantial BC salary.
- 185 apartment complex split over 9 three-storey buildings
- High Body Corporate salary of $331,745
- 23 years remaining on Caretaking and Letting Agreements
- 91 apartments in the on-site letting pool with additional 9 external lots
- 34 external agents representing a sizeable potential upside for new manager
- Ability and scope to do short-term letting and grow bottom line
- Fantastic facilities including BBQ gazebos, two swimming pools, playground, gym, theatre & function room
- Professional reception area, back office area, meeting / lunch room and storage on exclusive use
- Tenanted 3 bedroom / 2 bathroom manager's unit with 6 x car parks under title
- No requirement to live on-site - additional circa $25,000 per annum in gross rent from manager’s unit
- Superb location with easy accessibility to world-class amenity including beaches, major shopping precincts, golf courses, motorway & entertainment