Investment Property & Business Combination. Investment Property side :- Comes with Management Rights. 1 Unit in a gated complex of 7, primary focus of student accommodation but have fifo and normal tenants as well. Every room has its own bathroom and rented individual with shared kitchen/lounge/laundry. Unit has 3 upstairs rooms to rent ($170-$180/week), downstairs is a 2 room self contained apartment for an onsite manager, body corp pays $900+/month (index by CPI yearly) to provide one. Business Side Letting agent for the complex, collect rent and take commission/fees on 28 rooms in complex, find tenants, etc, as per a normal real estate agent. Can be done with a standard Resident Letting Agents license if live onsite (6 modules takes a couple of weekends). Comes with the software (REI Master) which basically tracks everything for you. Perfect for a single person or couple as extra income and live rent free and paid by the body corp at the same time, in addition to earning income from the business side, averages approx 1 day work a week depending on how you want to run it, with opportunities for additional income. If needed happy to help with transition and training so you can hit the ground running.
Category: Business Opportunity, Investment Property, Accommodation, Real Estate
State : Queensland
City : Salisbury