CANNONVALE QLD 4802
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- 17 Feb 2017
Airlie Beach Permanent with $107,000 Caretaking Salary
The RAAS Group are representative agents for the sale of Whitsunday Paradise Apartments in Cannonvale, Airlie Beach.
With the prime location directly next to the Whitsunday Shopping & Business centres, this fully gated resident community has direct access to the shopping centre amenities. With an excellent caretaking salary of $107,000 per annum PLUS letting income, this is an exceptional business investment - particularly with 23 years to run on the agreement. The managers apartment is a neat and tidy 3 bedroom, 3 storey terraced apartment with office attached.
This is an older-styled complex and anything newer is further from the centre of the town. It's easy to care for with the body corporate looking after the pool and providing security guard visits during the night. Equipment is Body corporate owned and maintained except for the office set up.
The Caretaking agreement has no set hours required to operate reception & the apartments rent quickly to local workers and some fly in fly out staff.
These Airlie Beach Management rights offer you a guaranteed Body Corporate salary plus income from the property management letting with plenty of room for further improvement. New blood would see many of the outside rentals return to the business and there are two adjoining complexes without the advantage of on site management. It's possible to live off site and to have a representative occupy the manager's apartment.
Price on Apartment: $250,000
Price of Business: $640,000
Net Profit: $146,432
This business is ideal for a hard-working couple or partnership. Please contact Kirsten Lowis on 0488 900 619 or email@example.com for further information.
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