In a nutshell (About this Management Rights)

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

Excellent permanent rental location

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

Large Home and huge Office

Comfortable income for 2, although work can be done by one.

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

Home Office : 52 Hickey Way Carrara QLD Gold Coast  4211

About Terry

Imposing Benowa (central Gold Coast) Complex of 61 Units, 23 permanents in letting pool. . . offered for sale at $985,000

Buying Enquiries

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Contact Terry

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

Managers office entry from Porte Cochere (above) and below photo is Managers Residence from front with huge entertainment deck above Port Cochere.

Another delightful Complex with Tennis Court, Spa and one of the best swimming pools you are likely to see. Plenty of lawns in the recreation centre of the Complex, but with ride on mower they are "easy as" to look after. Prime location, walk to primary & high schools, close to quality local shopping centre and about 8 minutes drive to Pacific Fair & Broadbeach. The Complex is 19 years old, accommodation module. There are 61 x 2, 3 & 4 bedroom Townhouses & Villas, of which 23 in the letting pool, 32 owners on site, 5 are with outside agents and the last one is the Managers Residence. Currently run by one person, there are no set office hours, so you nominate times to suit yourself.

The internal roads are not too narrow, a very nice place to live. The very spacious Managers Residence (entrance from office or side street foyer behind gardens in top photo) has 3 bedrooms, 2 bathrooms, kitchen and open plan living room upstairs plus a balcony, verandah and a huge entertainment deck all having access from the main living areas. Downstairs, a double garage has at some stage been used as a flat and kitchen facilities are still there. There is a 3rd Bathroom with shower, toilet and vanity and the huge front office is backed up by a second office currently used as a 4th Bedroom.

Potential to bring investor owners back to the letting pool, also to renegotiate body corp salary which on a "per unit" basis is lower than in nearby similar Complexes developed around the same time.   There is also the opportunity to add value to the Managers Unit with a cosmetic makeover (painting etc) to again bring it back to top condition and lift its value. Already good income can certainly be lifted by a new manager and there is ample opportunity for a manager with handyman skills to take on extra work if desired. Financial Report available on signing a confidentiality agreement, please contact Terry. Owner looking for quick sale, genuine ready to act buyers should inspect. Plenty of room to improve.