Labrador, Queensland

Offers over $495,000

Property Description

PRICE REDUCED! A LITTLE GEM IN THE HEART OF LABRADOR!

Here is a great opportunity for an astute management rights buyer.

This complex is made up of 18 townhouses/duplexes. The complex is easy to maintain so is not time consuming. And, there is the opportunity to build the letting pool to 6 units.

There are 3 choices here:

1. You could keep your job and earn a BC Salary of $30,672 per year doing the care taking of the property while living in a great duplex.

2. Increase your income by rebuilding the letting pool. Five rentals in the complex are with outside agents.

3. Buy as an "add on" to your existing management rights with all the benefits. You can rent out the manager's townhouse while maintaining the office.

The manager's unit is a spacious 3 bedroom duplex with a renovated modern kitchen, new appliances and beautiful flooring. It has recently been painted throughout and there are solar panels with a 5Kw inverter.

BONUS: The current manager makes an extra $8,000 p.a. carrying out gardening duties for owner occupiers and landlords over and above Body Corporate salary.

Property Summary

Business Snapshot

Price: Offers over $495,000 Net Profit: $25,072 Remuneration / Body Corp Salary: $30,672

Managers Unit

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

Complex Information

Complex Type: PermanentTotal Units in Complex: 18Owner Occupy Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 15 years

Marketing Agent

  • Jonathan Shorter

  • 0405 537 600
  • 0405 537 600
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Jonathan Shorter
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Labrador, Queensland 4215 Exact map location not provided

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