Harristown, Queensland
Business Only in the Heart of Toowoomba
$476,255
Business Description
RAAS introduces Montecute, a business only in Toowoomba, QLD.
25-year Caretaking and Letting agreement, with no set office hours and no real estate to purchase.
The Complex has started construction and is 100% sold out with a projected letting pool of thirty-three units based on current investor sales.
Montecute will attract strong tenant demand due to the area's limited supply of new townhouses.
This stunning complex occupies a prominent position on Drayton Road, Harristown, just moments away from all the essential amenities of this vibrant country suburb with proximity to schools, cafes, and parks.
Luxe open-plan layouts provide expansive living with an entertainment area, sophisticated kitchens with premium fittings, stylish bedrooms, and elegant bathrooms. On-site facilities include a BBQ facility and open spaces. Montecute offers its residents a beautiful life balance where city convenience meets country tranquillity. Montecute is a fantastic, permanent MLR business in a hot spot location.
An excellent choice for an established operator to add to their growing property business portfolio.
Business Summary
Business Snapshot
Price: $476,255
Net Profit: $105,835 Remuneration / Body Corp Salary: $39,600
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 30Holiday Units: 30Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Business Only for sale in Toowoomba, QLD with a 25-year Caretaking and Letting agreement.
2. No set office hours and no real estate to purchase.
3. Complex is 100% sold out with a projected letting pool of 33 units.
4. Strong tenant demand due to limited supply of new townhouses in the area.
5. Located on Drayton Road, Harristown with easy access to essential amenities.
6. Luxe open-plan layouts with premium fittings and on-site facilities including BBQ and open spaces.
7. Offers a beautiful life balance of city convenience and country tranquillity.
8. Permanent MLR business in a hot spot location.
9. Suitable for an established operator looking to expand their property business portfolio.
10. Price of $476,255 with a net profit of $105,835 and remuneration/Body Corp salary of $39,600.
11. Managers unit included in the sale.
12. Complex type is permanent with a total of 33 units and 30 units in the letting pool.
13. Agreement term is 25 years with 25 years remaining.
