LUCAS

Commercial















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Management Rights - Kings Beach (Management Rights)
Property ID: 3992
$1,220,000
Kings Beach
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As new complex of 28 units in Kings Beach. Short stroll to beach. Complex has pool, spa, gym & sauna. Managers 3 bedrooms, ensuite, air conditioned unit with attached office. Good storage for the manager. Net return of $138,400. No Manager cleans. Manager pays outside contract cleaners $25,000. They have had some extremely positive reviews lately on Tripadvisor.com and are currently ranked very highly (#1 out of 20 resorts in Caloundra).
Inspection Welcome.

For further information contact Michael Griffiths on 0417 278 554
Sustainability Declaration Form is available for viewing.

Property Details
Net Income:
$ 138400
Remuneration:
$ 42700
Agreement Term:
25
Agreement Remaining:
20
Total Units in Complex:
28
Units in Letting Pool:
17
Owner Occupiers:
10
Managers Bedrooms:
3
Managers Real Estate Value:
$ 528000
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