3 McLennan Court, North Lakes, Queensland
Motivated Vendor, Open to All Reasonable Offers
Vendor must sell. All genuine offers will be considered.
Business Description
Motivated Vendor – Open to All Reasonable Offers
Experience modern living and fantastic income potential at NEO NORTH LAKES, a standout complex in the heart of North Lakes that combines convenience, comfort, and opportunity.
- Flexible Living Options: With no requirement to live onsite, you can choose to live in the manager's unit or rent it out for extra income. The complex features low-maintenance gardens and green spaces, making it one of North Lakes' most desirable places to live.
- Solid Financials: Enjoy a net operating profit of $251,945, including a residential body corporate salary and a commercial salary totalling $145,488.
- Commercial Aspect: Adjoined by 12 commercial offices, including a café at the front, the complex enjoys extra demand for its residential units.
- Prime Location: You’re only minutes from key amenities like Westfield shopping centre, medical services, and schools, adding to its appeal for residents.
- Comfortable Manager’s Unit: The spacious 2-bedroom, 2-bathroom manager's unit comes with an adjoining office on title, providing both a comfortable living space and a functional management hub.
- Simple Management: The complex runs on a well-established system, making day-to-day operations smooth and leaving room for future profit growth.
- Smart Investment: This is a rare opportunity to secure strong returns in a growing area, offering both lifestyle and financial rewards.
Don’t miss out on this exceptional opportunity to invest in a thriving business. Contact Malcolm O'Farrell today to lock in NEO NORTH LAKES and take the next step towards financial success and a flexible lifestyle.
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
Business Summary
Business Snapshot
Price: Vendor must sell. All genuine offers will be considered.
Net Profit: $251,945 Remuneration / Body Corp Salary: $145,488
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 88Total Units in Letting Pool: 39Owner Occupy Units: 25Outside Agent Units: 24Agreement Term: 25 yearsAgreement Term Remaining: 18 years
Key Investment Insights
1. Flexible living options with no requirement to live onsite
2. Solid financials with a net operating profit of $251,945
3. Commercial aspect with 12 adjoined commercial offices
4. Prime location near key amenities
5. Comfortable manager's unit with 2 bedrooms and 2 bathrooms
6. Simple management with a well-established system
7. Smart investment opportunity in a growing area
8. Must sell - all genuine offers will be considered
9. Manager's unit has an adjoining office on title
10. Complex has low-maintenance gardens and green spaces
11. Complex features a café at the front
12. Opportunity for extra income by renting out the manager's unit
13. Rare opportunity to secure strong returns in a thriving business
14. Contact Malcolm O'Farrell for more information
15. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.
