Don't miss out on this exceptional opportunity to step into the lucrative management rights industry with Element on Gregory!
Nestled in the highly sought-after location of 1-7 Gregory Street, North Ward, Townsville, Element on Gregory boasts a stunning 42-unit residential apartment complex at the base of Castle Hill. With attractions like The Strand, Queens Gardens, Gregory Street shopping precinct, and the bustling city centre just a short stroll away, this location offers the perfect blend of convenience and lifestyle.
This thriving management rights business offers two streams of revenue:
- A Caretaking Agreement for the common property ensures a steady Body Corporate Salary for low-level maintenance and cleaning of shared areas. With potential for outsourcing these tasks, you can streamline operations for even greater efficiency.
- The Letting Agreement covers the management of rental units within the complex. Currently, 13 units are in the rental pool, but there's room for expansion. Revenue from the Letting Agreement includes management and administration fees. Plus, with 19 years remaining on the agreement, you can enjoy long-term stability in your investment.
Element On Gregory presents an ideal opportunity for savvy investors looking to diversify or expand their portfolio. With the current owners dedicating a combined 20-30 hours per week to management duties, there's ample flexibility to maintain other commitments or pursue additional ventures.
Forget the hassle of purchasing real estate – a spacious manager’s unit boasting 2 bedrooms, bathrooms, and a fully equipped street-front office is available for rent, offering tax-deductible benefits. On-site amenities include a recently refurbished magnesium pool and spa, picturesque landscaped gardens, and secure undercover parking, ensuring residents and guests enjoy a lifestyle of comfort and convenience.
Seize this opportunity to secure your foothold in the thriving management rights industry with Element on Gregory. Contact us today to take the next step towards financial success!
Element on Gregory Management Rights are being sold for $420,000 (neg).
Confidentiality Agreement
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.xxxxx-agreement.
Business Broker
Susan Butler – xxxxx
xxxxx
www.xxxxx
