SALISBURY QLD 4107
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- 5 Sep 2016
EXCLUSIVE AGENCY..SOUTH SIDE MANAGEMENT RIGHTS
Purchasers interested in buying this very good business will need to hold a full real estate licence. The business comprises of two adjacent complexes and 5 units in a smaller complex a few minutes distance away.There is no caretaking involved in this small complex.
With a combined total of 44 rental units and caretaking duties at the two larger complexes the business has a net operating income of $231,000. Figures provided by recognised Industry Accountant.
The location of the complexes is spot on when it comes to renting and is popular with residents having pool and BBQ facilities on site, bus stop outside the gate and easy access to train stations. Schools, supermarket, Griffith Uni Nathan Campus, parks and recreational areas are all within a short drive.
The Managers residence is a four bedroom, three bathroom, double garage and ducted air-conditioned townhouse. Carpeted and tiled through out. The 4th bedroom is fitted out as the office and has bathroom faciities. The current managers have not resided on site during their tenure and have a long term tenant residing in the residence.
The business comprises of the caretaking duties at the two adjoining complexes with a total of 58 units. There is a swimming pool at each of these complexes and ground to maintain. There are no set office hours in the Body Corporate Agreements. The 5 separate rental units within a small block of units need minimal effort to maintain This is a genuine two person or family operation with rewarding results.
The complexes are presented in immaculate condition and are two of the best I have seen for a long time. A credit to the Managers and buyers will be impressed.
Please contact Jim Prentice 0412 984 684 or E firstname.lastname@example.org to arrange an inspection or request more information.
A good business waiting new Managers.
Location, Location, Location.
Lovely landscaped grounds.
Bus stop at the gate.
Train station a few minutes away.
Good tenant catchment area with minimal competition.
Current Managers have set up and run the businesses since new. Excellent business operating practises , just walk in and continue the routine.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information