Torrington, Queensland
MLR Business Only Net Over $88,000
$280,000 - Business Only
Business Description
Ras360 Property Solutions proudly presents Montecute, a business-only opportunity in Toowoomba, QLD. This 25-year Caretaking and Letting agreement comes with no set office hours and requires no real estate purchase.
Montecute will attract strong tenant demand due to the area's limited supply of new townhouses. Located on Drayton Road, Harristown, this stunning complex is moments away from essential amenities, including schools, cafes, and parks. The luxe, open-plan layouts offer expansive living spaces with entertainment areas, sophisticated kitchens with premium fittings, stylish bedrooms, and elegant bathrooms. On-site facilities include a BBQ area and open spaces, providing residents with a beautiful life balance where city convenience meets country tranquillity.
Montecute is an exceptional permanent MLR business in a prime location, making it an excellent choice for an established operator looking to expand their property portfolio.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $280,000 - Business Only
Net Profit: $88,484 Remuneration / Body Corp Salary: $39,600
Complex Information
Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 23Lockup Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Business-only opportunity in Toowoomba, QLD with no set office hours and no real estate purchase required.
2. 25-year Caretaking and Letting agreement with strong tenant demand due to limited supply of new townhouses in the area.
3. Located on Drayton Road, Harristown, close to essential amenities such as schools, cafes, and parks.
4. Luxe, open-plan layouts with expansive living spaces, sophisticated kitchens, stylish bedrooms, and elegant bathrooms.
5. On-site facilities include a BBQ area and open spaces for a beautiful life balance.
6. An exceptional permanent MLR business in a prime location, making it an excellent choice for an established operator looking to expand their property portfolio.
7. Price for business only is $280,000 with a net profit of $88,484 and a remuneration/body corp salary of $39,600.
8. Complex type is permanent with a total of 33 units in the complex and 23 units in the letting pool.
9. 10 lockup units and a 25-year agreement term with 25 years remaining.
