Home plus Permanent Business $1,020,000

The Apartment photos and floor plan tell the story, modern, spacious 3 bedroom, airconditioned townhouse with Master Suite located upstairs away from the family. Secured gated complex gives that extra peace of mind for the growing family.

A private inspection will confirm that this is where you wish to make your home for many years to come and secure your families financial future.

This is a Permanent Rental, Management Rights Complex , providing flexible hours and the ability for the operators to do other work externally. Located a few minutes walk to the Sunshine Coasts major Health Precinct, shops and exceptional Beaches it provides for the work life balance that we are looking for.

Urban Sanctuary Villas is made up of 53 villas and townhouses, all with intercom access from the electronic driveway gate. The landscape grounds are easily maintained and the body corporate engages an external contractor to take care of the majority of the hedges. The manager has exclusive use over a large area at the rear of the complex, which is currently rented out as caravan storage providing an additional income source.

If you do not already have one, make sure you obtain a Full Real Estate Licence. Having this will give you the ability to earn additional income, (current being earned by the incumbent manager) for the Sale of properties within the complex – Talk to listing manager Chris Hinkly about how Local Agent Onsite assists the current manager in these activities.

Total Purchase Price is $1,020,000 (Apartment $670,000 to $720,000 and Business $300,000 to $350,000)

Net Profit is currently $102,000

Body Corporate Salary as at 8th May 2023 is $84,280.15 plus GST
• Yearly increases of 3% or CPI whichever is greater

Letting Business
• Total of 53 villas in the Complex
• 11 are in the Rental Pool
• 33 are Owner Occupied
• 8 are managed by external agents
• 1 townhouse being number 36 is the Managers unit

Agreements
• Started 8th May 2008
• Current for a further 20 years, expiring 7th May 2043
• Compliant to satisfy the Banks – ie Gallery Vie
• Occupation Authority Held to cover the Caravan Parking area.

Real Estate (See photos in this listing)
• 3 Bedroom, 2 Bathroom Townhouse
• Office at front entry
• Double lock up garage
• Private Courtyard
• See floor plan (in photos section of listing)
• Body Corporate Levies Total $4,000
• Sinking Fund $260,000
• Council Rates $1,900

For further information and to discuss if this complex may be right for you please contact Listing Agent Chris Hinkly