This 23 apartment Management Rights would make the ideal add on business to an existing management rights and would be easily managed by one person. There is no unit to buy so the overall rate of return jumps to a very nice 25%. The body corporate salary of $28,000 per year is guaranteed and will increase annually by CPI. The commission income should be reliable considering the high rental demand in Hamilton. This suburb is close to the city and many trendy areas and that’s great news when looking for new tenants. A great location will attract great tenants.
This is an exciting opportunity so isn’t expected to be on the market for very long.
• Net income $43,367
• Superior town house development in Hamilton
• No requirement to buy a unit
• No requirement to live on site
• Located close to shops, public transport and the major highways
• Close to the Airport but still in the City
• Trendy location, means lots of tenants
• Great return on investment. 25%
• Flexible work load, with only 9 lettings
• Overall a great add on management rights
• Don’t miss this exciting opportunity!!