$1,245,000
Business Only with Office On Title Net Profit $217,731
This is a Business Only Management Rights opportunity with 19 years remaining on the Caretaking and Letting agreements. The agreements do not have set office hours and there is no requirement to live on-site. The manager can also utilize the storage area under Occupational Authority and a 42M2 Office on-title.
There are a total of 87 apartments across three levels with 45% of them being managed through the onsite letting service. Currently, 37 units are managed in the letting pool which confirms the strong tenant demand. This demand is due to the limited supply of near-new apartments in the region. If you are looking for a trendy apartment in one of Gold Coast's strongest real estate markets, this may be the perfect option for you.
