Time for Change – Options being considered!

Live on the Sunshine Coast and enjoy your weekends.

Permanent Rental Business

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

Expressions of Interest are being requested while discussions with the Body Corporate continue regarding amendments to the existing Agreements.

Possible Options:

• Purchase the rent roll only for $120,000
• Purchase The Caretaking Agreement only for $350,000
• Purchase the unit only for $545,000
• Purchase a combination of the above
• Buy as is – No change to existing Agreements for $995,000
• Price is negotiable depending on the terms and conditions.
• All options considered

If you are interested please discuss your current situation with the listing agent.

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 $153,800
• Body Corporate Salary of $109,572 ($99,617.23 plus GST)
• 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.
• Expected net profit from the rental operation is $60,000 per annum.
• Great opportunity to expand the current rental pool
• Office Hours 9am to 3.30pm Monday to Friday (Under Discussion)
• Large Occupation Authority Office area included in management agreement
• Additional Occupational Authority over smaller storage areas
• Manage income producing Onsite Laundry
• 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.