Caretaking – with or without Lettings

Live in Spacious One Bedroom Apartment and look after the complex via the Caretaking Agreement, earn additional income via 20 permanent rentals currently managed under the letting agreement – the choice is yours – All up only $750,000 with or without the rentals.

PERMANENT RENTAL BUSINESS

Complex has Secure Building Access, comprising one bedroom and studio apartments. Located in popular Alexandra Headland.

•Walk-In Walk-out Purchase Price $750,000

Unit
• Body Corporate Levy – $6,738.56 ($8,423.20 before pay on time discount of 20%)
56 sqm one bedroom Unit is separate from the Office and is situated on the 2nd floor at the front of the building.
Large air conditioned open plan lounge / dining area

Business
• Caretaking and Letting Agreements run until 11 March 2044
• Net Profit For Sale is $140,000
• Body Corporate Salary of $115,239.36 period March 2026 to February 2027 ($104,763.05 + GST of $10,476.31)
• CPI yearly increase each March.
• 64 units total: 20 in the rental pool, 18 owner-occupied, and 26 managed by External Rental Agents or owner-managed.
• 20 Units currently managed earned in 25/26 financial year
– Commission of $41,861.82 plus Admin fees and Re letting fees
• Great opportunity to expand the current rental pool
• Office Hours 9am to 3.30pm Monday to Friday
• Large Occupation Authority Office area included in management agreement
• Additional Occupational Authority over smaller storage areas
• Private double lock up garage opening into the back of the office
• Second double lock up garage for gardening equipment

A personal inspection is the best way to truly appreciate this opportunity.

Please contact the listing Agent for further information and to book your inspection.