$60,000 MUST SELL
50% Trade Component
AU$30,000 (Cash) | AU$30,000 (Trade)
46 Peninsular Drive, Surfers Paradise, QLD 4217, Australia
I am selling because I manage another property north of here and it is taking up too much of my time. Walk 200m to the middle of Surfers Paradise.
- 22 by 2 bdrm apartments all permanently rented. All apartments rented by outside agents.
- Agreement commenced 30 OCT 2017 ending 29 OCT 2027
- Option to extend from 30 OCT 2027 ending 29 OCT 2037
- Initial renumeration $21,266
- Increase each year by CPI
- Substanial extra income to be earned by managing other apartments
- No lawns minimal gardens
- Pool on site
- Laundry on site for extra income
Unit 22 rented by the onsite manager for $420 per wk. I pay the owner of the apartment $370 per week so cost to me for onsite manager is $50 per wk. Onsite manager is responsible for grounds and pool.
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