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 57 sqm Managers Unit is separate from the Office and located on a higher level.
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 $161,824 (2022) and $152,110 (2021)
• Minimum Net Profit for Contract Verification $145,000
• 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.