Ocean View High Rise

Last update: 11 September 2011.

Price $ 2,725,000 - Net Income $ 466,000

Financial Data
Listing Status	current
Price	$ 2,725,000
Net Income	$ 466,000 (actual)
Remuneration	$ 95,000
Complex Specifics
Location	Caloundra qld, 4551 Australia
Complex Features	Swimming Pool; Spa; Heated Pool; Wading Pool; Sauna; Security Parking; Ocean View Apartments;
Managers Unit Specifics
Managers Bedrooms	3
Managers Unit Features	Air Conditioning; Hotel Style Reception Office on Managers Title;
Pets Allowed?	no
Manager's Unit Value	$ 475,000
Letting Rights
Agreement Term	25 years
Agreement Remaining	24 years
Total Units	70
Units in Letting Pool	58
Outside Agents	2
Units in Lock-up	1
Owner Occupiers	8

Ocean View High Rise

Centrally located High Rise with stunning Ocean Views - This property is a consistent earner with potential to net in Excess of $500k, the current profit is $466k plus $40k additional wages allowance. Arrangements are now in place to live off site with the existing night Manager happy to continue in that role. Motivated Vendors, long agreements and a realistic asking price should put this property high on the buy opportunity radar. Exclusive Agent - Ian Brooks ph 0418 708658

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