Leasehold

Manager/Investor - Secure a management position and 20% share of the business. (id: JIM CMMI)

$110,000 +SAV
Area: Young Code: JIM CMMI

Features

  • 22 units comprising of:
  • 15 studio units
  • 6 x 2 bedroom apartments
  • 1 x 1 bedroom apartment
  • Managers residence: 2 bedroom (each with ensuite and built-ins)
  • Sound rental level – only 43% of total net profit
  • Well presented property in great location
  • Steady occupancy and revenue growth for the past 3 years
  • Easy to manage property
  • 24 years remaining on lease
  • Includes a salary package of $80,000

Profit

  • $106,000