Solid Permanent MR with growth potentials in Ashgrove - Perfect For The First Time Manager
• 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.
Net Profit: $146,295 Remuneration / Body Corp Salary: $113,706Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $638,000Bedrooms: 2Bathrooms: 2Car Spaces: 3Office: On Title
Complex InformationComplex 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