Owner has committed elsewhere
The current caretaker has been in position for just 8.5 years and enjoys a very positive relationship with the Body
Corporate, the Committee and Owners alike. Rental demand is always high for the complex and vacancies are easily
filled when they arise as the owners maintain their properties to a high standard. There is 22 years to run on the 25
year agreement, with this being topped up a the AGM in 2020. There are currently both gardening and pool
maintenance contractors in place.
You can continue with these service providers or take over and complete these duties yourself. Current caretaker
salary is $77,615
This complex requires the caretaker to reside in the assigned lot and be on site during the hours stated of ,8am to
5pm Monday to Friday and 8am to 1130am Saturday. The current caretaker uses Property Me Software and all
tenants pay by direct deposit. Office related duties take approx. 2 hours per week
If you would prefer to buy as a caretaking only arrangement, the vendor is happy to reduce the Management Rights price by $66,000. This also
means you will not require a letting license.
Income $105,000
Unit $750,000 - reduced to sell
Business $249,000 - this is a multiplier of 2.4 well below market value
Total $999,000
Please make an offer. No reasonable offer will be refused. Currently there is office hours but the committee is very flexible and will work with the new caretaker to allow flexibility once the trust is built. A very easy complex to operate!
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@aas.com.au
