PROPERTY DESCRIPTION

This Central Sunshine Coast Complex comprises 64 One Bedroom Units, 40 of which are managed by the current Onsite Managers.

With designated Office Hours limited to 9 am to 3.30pm Monday to Friday Operators are able to enjoy the best of the Sunshine Coast Weekends.

The 56 sqm Managers Unit is separate from the Office and located on level 2.
One of the current operators works shift work while the other managers the rental business. The large Bedroom, with walk-in wardrobe, has therefore been fitted with excellent block out internal blinds enabling quality day time sleep.

Unit $375,000

• Body Corporate Levy – 1/09/2022 to 31/08/2023
• Administration Fund $3,209.75 (less pay on time discount $641.94)
• Sinking Fund $4,000.00 (Less pay on time discount $800.00)

Business $720,000

• Caretaking and Letting Agreements current until 11 March 2044
• Net Profit for Sale $158,299
• Body Corporate Salary of $90,120 plus GST includes CPI yearly increase each April
• 64 Units, 40 in Rental Pool, 10 Owner Occupiers and 14 managed by External Rental Agents
• Office Hours 9am to 3.30pm Monday to Friday
• Large Occupation Authority Office area included
• Includes the following;
• Full Kitchen
• Large open office space with 2 work stations
• 2 smaller storage rooms
• Large open plan lounge dining area
• Double Bed in air conditioned room
• Managed Onsite Laundry
• Additional Occupation Authority over additional storage areas
• Private enclosed double car space leads into office area
• 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 Agent Chris Hinkly for further information and to book your inspection.