Internal Ref: BUY4802
Summary
The seller is taking $70,000 per year, and does very light duties around this small unit complex. He works in the Mines, proving how little work is required. Located near Beach, shops and schools.
Net Profit
$70,000 pw
Potential
This property at just $450,000 could double within a few short years. Properties close to the Beach and near schools, and shopping centres are always in high demand.
About the Business
The seller recently signed a ten year contract to keep the small complex maintained. $70,000 per year and CPI increase. Very little work needs to be done as each unit is very self sufficient and minimal to almost no gardening needs to be done. Blow out the dust occasionally and keep things looking tidy and enjoy one of the most beautiful locations in the world.
This property had zero damage through the last Cyclone that came through, and is not in flood zone and is well protected.
Literally located a couple of blocks from the beach, and very central to all amenities.
Asking $450,000 for the unit and $250,000 for the management rights.
You could buy the property and offer rent to someone who is keen to do the care takers role, and still keep some money for yourself.
Be quick to make an offer as this one is the smart investors dream.
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