Mcdowall, Queensland

$675,000

Property Description

Caretaker absolutely must retire!

An ideal one person business. With 79% of the income securely derived from the caretaking salary. There is room to grow the letting income by capturing the rentals held by outside agents.
The Principle Committee oversees the common areas shared by the Apartment and House Committees.
Superb amenities and location viz: only 9km from the CBD; Prince Charles Hospital; walking distance to McDowall State School and only minutes to the North-side Christian College.
This is a low work load complex with a comfortable and spacious home to live in. All you have to do is inspect and see the benefits for yourself.
To inspect contact Exclusive Broker Peter Sagner 0401 814 404 or e-mail peters@raas.com.au

Property Summary

Business Snapshot

Price: $675,000 Net Profit: $62,594 Remuneration / Body Corp Salary: $50,380

Managers Unit

Value of Managers Apartment: $470,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 9Holiday Units: 9Owner Occupy Units: 19Agreement Term: 25 yearsAgreement Term Remaining: 2 X 19, 1 X 22 years

Marketing Agent


Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Peter Sagner
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mcdowall, Queensland 4053 Exact map location not provided

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RAAS Group