Management Rights - SORRENTO, QLD

SORRENTO, QLD

$880,000

Property Description

Absolutely gorgeous quiet complex. Very much a management rights lifestyle business

A beautiful complex with river frontage. Popular suburb close to Surfers. Complex boasts, full size tennis court, spa, two saunas and jetty. A very attractive complex in a leafy surround will make it a happy environment in which to work in. Spacious Renovated 2 brm Man.Unit, beautiful and quiet and tastefully done. Private Courtyard. Complex fronts onto the Mighty Nerang River and has a Marina. This complex is ideal for the manager that has fishing and boating as a hobby and is after a nice quiet lifestyle. Complex is in a dead end street so VERY quiet. Great tenants and quiet owners. Good Body Corp. Ring me now for an inspection you wont be disappointed !! Partner can have a part time or Full time job. Extra long lock up garage. Balcony has been closed in with beautiful plantation blinds for extra space upstairs.
Unit is $ 450K
Business is $458K
Netting $108,900K
9 years left on a 10 year agreement gets topped up every year!!
You can also buy a 3 bedroom in the complex and sell the two bedroom or let it out. The agreement allows you to live anywhere in the complex the current managers unit is not on title which is very unique to this industry.
In two weeks time as of the first of 1st of July the BC salary goes up by $2000

2 Sauna's. Jetty on the river
Manager is applying for increase in salary. Only 10 hours spent in office. Body/Corp gardener for Three days.
Financial Overview

Body Corp Salary:
TBA
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
Manager's Unit Price:
Management Rights Price:
Letting Business

Est. Year Built: 0
Total Units In Complex: 0


Inside Letting Pool

Permanent: 0
Holiday: 0
Corporate: 0
Total: 0

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 0
Total: 0

Number & Type In Letting Pool
Number Type Features
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size:
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module:
Agreement Term: 0
Years To Run: 0
Manager's Unit Description:

Facilities

Pool:
Spa:
Gym:
Tennis Court:
Sauna:
Foxtel:
Cable Installed:
Pets Allowed:
Barbeque Area:

Other Facilities:

Property Agent

Kerrie Lush

Kerrie Lush

Phone: +61 416 084 693
Office: 1300 282 370

Email Listing Agent