$1,125,000

Located in booming Coomera with high demand for rentals, this complex has easy access to bus routes, Coomera railway station, public and private schools, Australia’s largest marine precinct and most importantly the upcoming Coomera Town Centre. Walk to Dreamworld, local shops and Boat House Tavern. Only 15 minutes drive to popular Gold Coast beaches and 35 minutes drive to Brisbane. The buildings are a mixture of 2 and 3 bedroom villas (duplexes) and town houses.

INCOME AND PRICES:
Body corp salary - $93,188
Net profit for yr - $58,875
Total income - $152,063

PRICE FOR THE RESIDENCE (UNIT) - $365,000
Business price - $760,000
Total price - $1,125,000
P & L available - Yes

RESIDENCE:
Number of bedrooms - 3
Garage - 1 + Driveway
Pets - Allowed
Additional income - $17,160 / yr

UNITS:
Type of building - low rise
Total number of units - 51
2 Br - 2 villas
3 Br - 16 villas + 33 townhouses

Letting pool - 14
Outside agents - 23
Owner occupiers - 13
Rental range - $320 p/w - $360 p/w

Reception:
Separate reception - Yes
Back office - No
Reservation software - REI
Air-conditioned - Yes / reverse cycle
Security - Window and door screens
Additional storage - 6 × 4 garden shed


Office on title - Yes

GENERAL
Module - Accommodation
Length of term remaining - 12yrs

This medium size complex with permanent rentals is easy to run. The manager is retiring after 15 years of service. Books and all other relevant documents are available for inspections and auditing upon agreement.

PRICED TO SELL - $1,125,000

Outright purchase or trade deals are welcome for your farm, acreage home, unit, car, boat, motor home, caravan, etc.

Please contact Godfrey:
Mobile – 0401 887 386
Email – [email protected] for a discussion and inspections.

or

Please contact Niluka
Mobile - 0406 032 717
Email – [email protected] for a discussion and inspections.




Disclaimer: The prospective purchasers should conduct their own investigations into all aspects and matters relevant to the purchase of management rights business. The information provided to the recipient is to assist the recipient and the professional advisors to decide whether to proceed to acquire an interest in the subject property. The discloser does not make or give an express or implied guarantee, representation or warranty regarding i) the accuracy or completeness of the information or ii) whether reasonable care has been or will be taken in compiling, preparing and furnishing the information.