Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent management rights business in Toowoomba, Harristown on Drayton Road, offering city convenience with a quiet, country-adjacent setting.
2. Business-only sale, no real estate purchase required, supporting lower capital outlay for a buyer.
3. 25-year caretaking and letting agreement, full 25 years remaining, providing long-term income stability.
4. Net profit reported at $88,484, with additional remuneration/body corporate salary of $39,600.
5. Total complex of 33 units, with 23 units in the letting pool and 10 lockup units, indicating a balanced mix of managed and owner-occupied stock.
6. No set office hours, offering operational flexibility and potentially lower staffing or overhead requirements.
7. Strong tenant demand expected due to limited supply of new townhouses in the area, supporting occupancy and rental stability.
8. On-site resident facilities include a BBQ area and open spaces, enhancing lifestyle appeal and amenity-driven rentalability.
9. Luxe open-plan unit layouts with large living and entertainment areas, premium kitchens, stylish bedrooms and elegant bathrooms, supporting higher-end tenant targeting.
10. Located moments from schools, cafes and parks, increasing attractiveness to families and convenience-seeking tenants.
