"Talk to someone who's paying attention" . . . .

In a nutshell - (About this Management Rights)

Home business with high "salary"

Independent Licenced Real Estate Agent 07) 5594 1282 or 0403 050 255 (Terry), or 0403 382 046 (Mei)       Fax 07) 5594 1292

Easy 1 person job - Not enough work for 2

Ideal for young family -  You will be home after school to greet the kids. . . great lifestyle!

E: terrymcmiles@bigpond.com W: www.terrymcmiles.com

Home Office : 52 Hickey Way Carrara QLD Gold Coast  4211

About Terry

Boutique Permanent Complex of just 16 in northern Gold Coast's fastest growing area. . . . Coomera,  home of Dreamworld, close to Rail transport,  and the already approved massive Coomera Town Centre.  Includes 3 bedroom Managers Villa . . . . $520,000

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About Manage- ment Rights . . . Click here for explanation

As well as Dreamworld just a couple of minutes away, so too is MovieWorld,  Wet & Wild.and the home of the latest theme park sensation the RM Williams Australian Outback Show. Although now operating as a permanent Complex there is potential to move part of the letting pool to "Holiday Lets"  as short stay accommodation in the area is almost non existent.  This is entirely at the discretion of the new owners but is an option that should be considered.  More on this in the Fiscal  Report.

The Complex is approximately 17 years old with a combination of 2 & 3 Bedroom Villas and Townhouses built in 4 seperate blocks of 2 single level Villas & 2 x two storey Townhouses.  Most are in well maintained but fairly original condition, each has a small rear yard affording space for an outdoor setting for casual entertaining. Single 2 way bathrooms, seperate toilet & Laundry plus single garage with internal access. Accommodation module, with approx 20 years yet to run on the very generous Body Corporate Agreement.  The Complex has residents only vehicle access with a  cardswipe entry needed for the auto chained security internal roadway.

Excellent street appeal is a result of the established gardens and tall palms that are scattered through the grounds.  There is a well maintained salt water swimming pool for residents use nicely located in a private corner of the Complex. There are 3 on-site owners (one a lock-up for most of the year), the Managers Villa,  and the other 12 Units are in the letting pool. The letting pool has remained fairly intact during the current owners 4 year term and it is expected that providing new managers follow the established operating proceedures, this situation will continue.  The Complex operates with a very low vacancy factor with good tenants rewarded with options to renew well before expiration of current leases.

The Managers single level Villa has ducted air conditioning, 3 bedrooms, a two way bathroom, Living room, Kitchen overlooking rear yard and entertaining terrace, a laundry and single Garage. A very unique feature of this Complex gives the on site Manager sole & exclusive use of a Double Carport for additional carparking.  This feature will allow an incoming new Manager the luxury of converting the current single Garage into an office should that be desired.

Riverfront & Parkland overlooking the exclusive new million dollar home estates on the Coomera river are just a 3 minute walk away and offer keen fishermen easy access to what appears to be excellent riverfront fishing.  Another top feature should you embrace the option of part holiday lettings. The Complex has a no pet policy, as rear garden areas are mostly small although the Managers Villa does have a larger garden area.

Already showing excellent dollar returns for a Complex under $500,000, there is still plenty of potential to greatly increase the bottom line, either now or a few years "down the track".  To do so now (by offering part holiday lettings), will mean that one of a new management Team would need to be available to greet holiday guests.  Alternately you can operate as it is now being run, permanent lettings only, and then both partners can also do outside work if they wish. This complex is recommended,  full financial report is available on signing a confidentiality agreement. . . . please just contact Terry to see the current excellent returns and the sensational potential.

Note as at May 09.  A new development has started construction at the end of the street just 100 metres away. Prices will start for the smaller units at mid $400's This makes this 3 bedroom unit with Management Rights to the whole Complex look fantastic value.  Excellent regular income for work involved . . . high body corp  remuneration makes this Management Rights a star performer in its price range.