Redbank Plains, Queensland

BRISBANE WEST - 500K NET PROFIT

Under Contract / Offer

Property Description

• Two townhouse complexes in close proximity being offered as one.
• 30 mins drive from Brisbane CBD
• In total of 195 lots with 104 in letting pool (with 40 NRAS under management) + 20 lettings outside of the complexes
• Net profit just over $500K.
• A combined Body Corporate Salaries of $245,298.
• 23 years to run on the 25 year agreement.
• Two modern, spacious manager residences are on offer.
• Required to live onsite only in one complex but not the other.

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $500,080 Remuneration / Body Corp Salary: $245,298

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 2
Two manager units valued at $380,000 and $500,000 respectively

Complex Information

Complex Type: PermanentTotal Units in Complex: 195Total Units in Letting Pool: 104Permanent Units: 104Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsGym: Yes
Marketing Agent
Paul Wang
Paul Wang

Si Chen
Si Chen

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

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