Hillcrest, Queensland


Property Description


THIS is a nearly new complex located in a quiet but good rental locality just 5 minutes away from the Grand Plaza Shopping Mall and supported Commercial hub.
A short walk will have you at the express bus service to Brisbane's CBD along with other suburban destinations.
With 24 and a half years to run on the Agreements plus an income that has plenty of growth left for a new Manager this could be just what you are looking for. Ideal for the first time manager or a single operator with a partner working off-site.
The landscaped gardens are easily managed with small patches of lawn throughout.
The net income figure reflects 12 months trading to end of March 2018.
THE Manager's two storey townhouse has three bedrooms, 2 bathrooms and a study upstairs while the ground floor is open plan style with a good size dining, lounge and kitchen area. The dining area opens out to a covered patio and large landscaped private backyard. There are two large storage sheds providing all your storage requirements. There is a double garage and office attached to the house plus an extra car space.

The presentation of the complex and house is a credit to the current Managers. Please contact your RAASRight Broker for more information on this home and business package.
Business $615,800. House $420,000. Total asking price of $1,035,800

Property Summary

Business Snapshot

Price: $1,035,000 Net Profit: $133,000 Remuneration / Body Corp Salary: $45,600

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 36Holiday Units: 36Owner Occupy Units: 2Agreement Term Remaining: 24.5 years years

Marketing Agent

Marketing Agency

RAAS Group

Jim Prentice
RAAS Group


Listing Tools

Property Map

Map Location ( get directions )

Hillcrest, Queensland 4118 Exact map location not provided

Similar Properties