Management Rights and 4 Bed House
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This immaculate, modern and stylish single level large villa is situated externally in peaceful Doubleview Villas and comes with a current $39,211 annual net business income after all expenses.
This purchase is for a 4 bedroom managers residence plus the business of the management and letting rights of 26 Duplex Townhouses. The current work commitment is approximately 10-15 hours per week of general gardening and maintenance. In return for the management you are paid a body corporate managers salary of $39,938 per year which increases annually with CPI. Additional income comes as a commission from letting the units, currently $6,301 for 2017-18. There is no need to live onsite in the current agreement however a manager does need to be available to deal with day to day maintenance and letting issues. The current owner lives in Tasmania but has an arrangement with a couple who live on site for just $50 per week rent and in exchange handles all the gardening, maintenance and letting for the complex approx 15 hours per week.
Here is your chance to have a highly leveraged easy to manage low maintenance business and it comes with a beautiful home. The property features 4 bedrooms (or 3 plus office), large master with ensuite, 2 bathrooms, modern kitchen with open plan living and dining rooms and wonderful indoor-outdoor flow to easy-care tropical gardens. Tiles and carpet throughout with air-conditioning and ceiling fans, DLUG and fantastic storage. This property is close to the Pines shopping centre, public transport and schools and is a mere five minutes from beautiful Palm Beach.