Gladstone Heights (management Rights)

Gladstone Central
$589,000
Current

Property Details

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Management Rights + Residence For Sale – Gladstone Heights Apartment Complex

Gladstone Heights is a unique apartment complex offering corporate and leisure accommodation in the Gladstone CBD. The sale of management rights for this complex includes the management of 11 apartments, use of the office building and the ownership/title of the manager's residence – Apartment 4.

Apartment 4 boasts three spacious bedrooms, 2 bathrooms and assigned car parking. The apartment is fully furnished, and the owner has the option to live onsite or rent out for additional income.

At a glance;
- The apartments can be managed and operated by one person with no set office hours
- Complex consists of a total of 16 apartments with 11 in the letting pool (Apartments not in letting pool: 1 lock up, 2 owner occupiers and 1 outside agent).
- All apartments are fully furnished and equipped alike
- Immaculately presented and well maintained complex and common areas
- Servicing regular business with repeat corporate and holiday clientele
- Spacious and fully furnished 3 bedroom, 2 bathroom residence with the option to live onsite or rent out for additional income.
- 19 years left on Management Rights Agreement.
- Net profit: $70,958

Price breakdown:
- Apartment: $299,000
- Business: $290,000
- Note: the business and property are to be sold together as one transaction.

Located in the heart of the Gladstone CBD, this complex is a short walk to the Valley shopping complex, inclusive of a Woolworth's, cafes and food outlets, chemist, news agency and bottleshop. Within a short 2-minute drive of the East Shores Precinct, Gladstone Marina and Cruise terminal.

Contact Alicia or Hayley for more information or to arrange your private inspection.