Under Contract
START SMALL TO BUILD BIG! WELL-RUN BUSINESS ONLY COMPLEX WITH EASY WORKLOAD!
Newcomers to the management rights space - The Avenues in Marsden is a fantastic business to cut your teeth on, gain industry experience and earn a nice income! Alternatively, this small business-only townhouse complex which has no on-site facilities, would suit a local operator looking to build their portfolio without adding staff to the payroll!
- Built in 2020 The Avenues comprises 30 modern townhouses
- Currently the onsite letting pool consists of 16 lots
- There are no set office hours and no real estate to buy or requirements to live onsite
- 20 years remaining on the Caretaking and Letting agreements
- Net profit circa. $45K with the Body Corporate salary close to $20K
- Well-designed townhouse complex in proximity to schools, park, shops & motorway
- High rental appeal for families with an average weekly rent of $490
- Easy to manage workload / responsibilities for one person
- Occupational authority storage area for cleaning and gardening equipment
- Opportunity to build on letting pool and grow the bottom line through R&M
- All inspections by appointment only
