Nundah, Queensland

THE PERFECT PERMANENT MR - $330K NOP | Resort Brokers ID : MR006858

Under Contract / Offer

Property Description

A real box ticker - modern, high quality, permanent residential complex in prime city fringe location. Lengthy agreements, strong BC salary, good upside potential and a cracking manager's apartment. This one won't last long!



  • 100 unit permanent complex, 60 in letting pool

  • Good BC salary of $176,000 (3% annual increase)

  • Clean P&L, almost all income from core business

  • Lengthy agreements - 22 years

  • Modern, well-presented manager's unit

  • No set office hours + very managable caretaking duties

  • Great location in inner North suburb of Nundah

  • Additional income through onsite apartment sales

  • Good scope for upside through additional income streams

  • Property inspections are by appointment only

Date updated: 01 Dec 2021 00:00:07

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $330,006 Remuneration / Body Corp Salary: $176,004

Managers Unit

Value of Managers Apartment: $580,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 100Total Units in Letting Pool: 60Holiday Units: 60Owner Occupy Units: 38Outside Agent Units: 2Agreement Term Remaining: 22 years
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