Tropical Paradise Awaits! Solid Net, Mid-scale Perm. Complex With No Set Hours
Be quick to view this beautifully kept, easy to run, management rights estate with genuine upside potential. A great location that's in-demand with tenants and proven strong returns for its investors.
A convenient and secure oasis comprising 68 duplex villas with fantastic resort-style facilities, this lush management rights has an idyllic position in a peaceful cul-de-sac of Runaway Bay and is literally a few minutes walk to Harbour Town and close to beautiful beaches.
ResortBrokers presents the opportunity to purchase the management rights and beautiful manager's residence to this thriving business that will appeal to a family or couple seeking a coastal lifestyle supported by a solid net profit.
It is 100% permanently occupied with 52 units in the letting pool (one which adjoins the complex). 11 owner occupiers and 7 managed by outside agents, giving the new managers potential extra income by converting these into the letting pool at a future time.
- Great Body Corporate Salary of $103,620 - due to increase in November 2019
- Verified net profit of $233,266
- No set office hours to keep. Separate, functional office on freehold title includes a reception counter with customer entry, built-in storage & internal door to manager's unit.
- Over 19 years remaining on Caretaking and Letting Agreements
- Scope for future maintenance work for a handy incoming manager to take on if desired.
- Other general BC work available to generate additional income
- All duties handled by husband/wife team with 1 x part-time garden assistant employed (4-6 hrs per week)
- Lagoon-style pool with tropical garaden surrounds, full-size tennis court with flood lights, sauna and equipped gymnasium, family BBQ pavilion with covered seating area.
- High quality renovation to standalone manager's house on private fenced block with auto-gated entry. It offers two living areas, four bedrooms, two bathrooms, storage room, 1.5 garage/workshop and big landscaped yard with patio, Zen garden, lawns & play area.
- Concreted maintenance yard with powered workshop & attached carport.
- Electric gated entry with intercom system and secure visitor parking bays.
- A short walk to Harbour Town, Eat Street, Reading Cinema and extensive retail outlets.
- Close to shops, schools, parks, beaches, hopsital, motorways and main roads.
All inspections are by appointment only