NEWSTEAD PERMANENT MANAGEMENT RIGHTS - $631K NET
This is an opportunity of incredible scale and desirability for an experienced operator to acquire a high yielding management rights located in the premium and very popular neighbourhood of Newstead.
- Generous Body Corporate salary of $364,980 (annualised) p.a.
- Net operating profit of $631,697
- No requirement in Agreements to own a lot and no set office hours
- Recently topped up Caretaking & Letting Agreements with 24 years remaining
- Large, modern 2 bedroom, 2 bathroom manager's unit with 2 carparks - $750K
- Separate manager's office with carpark on title - $250K
- Premium, permanent MR opportunity!
- All inspections by appointment only