Motel style management rights
This management rights has is restricted to short term stays. All one bed units in letting pool.
- Short term letting council classification (max stay 3 months)
- 20 one bed apartments all in the letting pool
- New 25 year agreements
- No set office hours
- Managers pet allowed
- Managers 3 bed residence which has been valued and offers the 3rd bed as a self contained bedsit. The current managers let out earning them over $20k pa
-Verified net income $292k.
This is a fantastic opportunity to secure a strong business with added benefits which also includes managers 3 bed residence asking $569k (valuation held)