Redbank Plains, Queensland
BRISBANE WEST - 500K NET PROFIT
Under Contract / Offer
• 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.
Price: Under Contract / Offer
Net Profit: $500,080 Remuneration / Body Corp Salary: $245,298
Managers UnitBedrooms: 3Bathrooms: 2Car Spaces: 2
Two manager units valued at $380,000 and $500,000 respectively
Complex InformationComplex Type: PermanentTotal Units in Complex: 195Total Units in Letting Pool: 104Permanent Units: 104Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsGym: Yes