1/44-50 Pease Street

Manoora QLD 4870

Complex provides resort-style facilities and easy to maintain tropical style gardens, this is a low maintenance and low hours business.

The spacious manager's unit including two-bed plus study, 2 bath and car park with a recent $30,000* renovation.

A perfect opportunity for a couple or small family to work and play in the delights of this location.

Key points:-
* Motivated vendor requires a quick sale for moving cities
* Desirable location! Proximity to Pease Street cafes, bars, restaurants
* Long-term caretaking and letting agreements to 31 July 2040 (+17 years)
* $105,337* Projected full-year net profit (based on 1/8/22-31/03/23 P&L)
* $80,071*p.a. Current caretaker salary; locked-in CPI annual increases
* 15 Units in the permanent letting pool out of 34 units in the complex
* Opportunity for focussed new management to grow units in the letting pool
* Ideal business for a husband and wife or couple to run
* Low hours and low maintenance complex
* Resort facilities; outdoor heated pool, spa, barbecue facilities and secure parking

Act now and do not delay as this is one incredible opportunity that will not last.

Contact Craig Cornish on 0414 897 256.

Approx*

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.