In a nutshell (About this Management Rights)

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

Decent sized yet easily managed Complex

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

Everthing in excellent order for easy handover to new managers

Top location, great lifestyle.

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

Home Office : 52 Hickey Way Carrara QLD Gold Coast  4211

About Terry

Benowa, central Gold Coast permanent Complex . . . $949,000 More than half in letting pool, still easy to run as a one person operation as there are no set office hours.

Buying Enquiries

Sellers Information

Excellently located within walking distance of schools and Benowa Gardens Shopping Centre, the Complex is central to all that the Gold Coast has to offer. Just 10 minutes to the Beach, Pacific Fair & the Casino & equally close to the M1.This is a very sought after rental area. A mix of 2, 3 & 4 bedroom Villas & Townhouses, there are 25 in the letting pool. Mostly paying by EFT, this is easy to run.

Contact Terry

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

The Complex is a young 17 years old, built at a time when rooms & overall unit sizes were were more spacious than currently being built. All exteriors are in excellent order as are interior roadways.

There are no designated office hours, the current Managers open the office 2 afternoons mid week between 3.30pm & 5pm. There are 49 Villas & Townhouses in the Complex, facilities are excellent, with Bar-B-Que, Tennis Court (full size), salt water swimming pool and Spa. Attractive grassed lawn areas through the complex are easily manageable as the Body / Corp equipment includes both ride-on and self propelling mowers.  The Complex is currently managed by one person (other partner has outside job) working an average of 20 hours weekly, a little more in height of summer growing season. Grounds are in excellent order, no "catch-up" work needed, very easy to take over.

There are 11 years still to run on a 15 year term, the Body Corporate appears to be well run and has a healthy sinking fund. There are 18 owners on site, 2 renting but collecting rent themselves and 2 outside Agents, so there is some potential to further build the Letting Pool. This is a no animal Complex. The owners residence (side view above) has 3 bedrooms, 2 bathrooms,  Kitchen and combined Lounge and dining room upstairs. A really attractive feature is a long 2 metre Verandah which adds to the feeling of space. Downstairs there is a large double garage, storage room, 3rd toilet and laundry, a fenced paved yard and a huge 2 roomed office area. This would be an excellent set-up for a manager doing additional work from home or who had other hobby or business / study interests. Alternately 2nd office could be used as a 4th bedroom.

The Managers residence photos above are all from the upstairs area. Plenty of light streams in and the side verandah is accessable from both living areas and Master bedroom. Master bedroom also has a walk in wardrobe and ensuite bathroom. Photo at left is of the Huge front office which could easily be divided into 2 to give a reception area, and what would then be a 3rd office or utility room.Parking for 3rd & 4th vehicles in front of Double garage.

Investment Report with full fiscal details is available to be emailed on signing of a Confidentiality document. Please contact Terry.