Hillcrest, Queensland


Property Description

Great location and solid income

Great location with public transport just in front of the complex and easy to access to shopping centre, school, park and highway. Long agreement of 22.5 years remainder. Solid income structure of 50% from the remuneration and the other 50% from letting business. There are rooms and potential to grow in business. It’s a very stable business and first time on the market for last 5 years. Pool is the only facility in the complex. Manager unit is a comfortable four bedroom townhouse. It’s a good opportunity to get a good and stable income in south area. This is your opportunity, so don’t miss out.

Property Summary

Business Snapshot

Price: $1,384,000 Net Profit: $187,000 Remuneration / Body Corp Salary: $96,534

Managers Unit

Value of Managers Apartment: $399,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Total Units in Letting Pool: 49Permanent Units: 49Agreement Term: 25 yearsAgreement Term Remaining: 22.5 yearsPool: Yes

Marketing Agent

Marketing Agency

Shine Realty

Celine Tseng
Shine Realty


Listing Tools

This listing last updated: 16th September 2019

Property Map

Map Location ( get directions )

Hillcrest, Queensland 4118 Exact map location not provided

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