SWAP HOUSE FOR BUSINESS?

DO NOT MISS THE OPPORTUNITY TO BUY IN ALEXANDRA HEADLAND

After 9 years the Onsite Management have decided it’s time to move on and explore Australia. The Owners will consider either a cash offer or the Trade of your existing Queensland House – All options will be considered.

This Central Sunshine Coast Complex comprises 20 Studio and 44 One Bedroom Units, 31 of which are managed by the current Onsite Managers. Office Hours are limited to 9 am to 3.30pm Monday to Friday leaving the managers free to enjoy the best of the Sunshine Coast Weekends.

One of the current operators works externally to the business as a shift worker while the other managers the rental business.

Unit
Body Corporate Levy – 1/09/2022 to 31/08/2023
$5767.20 (after pay on time discount of 20% has been applied)
56 sqm one bedroom Unit is separate from the Office and is situated on the 2nd floor at the front of the building.
It has been fitted with excellent block out internal blinds enabling quality day time sleep.
Large air conditioned open plan lounge / dining area

Business

– Caretaking and Letting Agreements with 20 years to run until 11 March 2044
– Net Profit is approx. $167,000 based on current rental pool
– Body Corporate Salary of $100,306.20 plus GST
– CPI yearly increase each March.
– 64 Units, 31 in Rental Pool, 8 Owner Occupiers and 25 managed by External Rental Agents or owner managed
– 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
– Managed income producing Onsite Laundry
– Private double lock up garage opening into the back of the office
– Second double lock up garage for gardening equipment

– Contract will include many of the furniture items currently being used in the Office and living areas

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.