Ashgrove, Queensland

Solid Permanent MR with growth potentials in Ashgrove - Perfect For The First Time Manager

$1,250,000

Property Description

• 77% of the net income from Body Corporate remuneration
• Very supportive committee
• Low maintenance for this well-managed complex
• Potentials for growth in letting. Current 13 in the letting pool plus 2 outside of the complex.
• Low multiplier - 4.16
• Great location, just 5 km from Brisbane CBD, in a quiet cul-de-sac yet close to public transport, within proximity to parks and an easy walk to the Ashgrove Shopping Precinct.

Property Summary

Business Snapshot

Price: $1,250,000 Net Profit: $146,295 Remuneration / Body Corp Salary: $113,706Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $638,000Bedrooms: 2Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 15Permanent Units: 15Owner Occupy Units: 43Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesGym: YesBBQ Area: Yes
Marketing Agent
Lily Liao
Lily Liao

Onsite Management Rights

Onsite Management Rights

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