O2403151

Great Business in An Perfect Location

Join For New Listings and 9 Steps Management Rights Buying Guide.

Stage 1

·         Settled in July 2015.

·         16 units, made up of:

o    1 x 1 bed (estimated rent $350).

o    14 x 2 bed (estimated rent $450).

o    1 x 3 bed. (sold to owner occupier).

·         Cleaning & Maintenance Budget is $6,300 incl of GST

Stage 2

·         Construction will commenced, with settlement proposed in May 2016.

·         33 units, made up of:

o    8 x 1 bed (estimated rent $350).

o    25 x 2 bed (estimated rent $450).

·         Salary to be approx $1000-1100 per unit, excl of GST.

·         There will be a separate manager’s office located on the ground floor.

The developer would like to have the manager on board now to manage stage 1 now and stage 2 when complete.
Cash offer only!

Manager's unit - optional
Unit 1, which is located on the ground floor is most suitable for the owner of the MR’s, as it is on the same level as the separate Office.

The Office also has direct access to the Entry Corridor on the Ground Floor.

Unit details are as follows (subject to change):

·         Draft List Price                          $489K (includes one car space)

·         No. of bedrooms                      2 bedrooms

·         No. of bathrooms                      2 bathrooms

·         Study                                       1 study

·         Extra car spaces                       $30K each.

·         Internal area (on title)                 76m2

·         Balcony (on title)                       12m2

·         Courtyard (Exclusive use)          65m2

·         Total area                                  153m2.

A precedent Management Engagement and Letting Authorisation Agreement can be discussed with the developer.