Mcdowall, Queensland

$670,000

Property Description

HOME WITH INCOME

This small quality complex on Brisbane’s northside is in an excellent location and attracts residents who enjoy a safe, quiet living environment including their own swimming pool and gymnasium. Just a short walk to schools and handy to shopping.

With a total of thirty lots, twelve in the letting pool, very manageable caretaking duties, a Body Corp Salary of over $860 per week and Net Profit of $64,500 per year.

No set office hours and a proactive positive committee help to make this an ideal opportunity for a part- time or semi - retired operator.

Included is a comfortable, well presented 3-bedroom townhouse with office on title, an attractive outdoor entertainment area and extra parking.

After five good years the current managers now have other business opportunities and are realistic and genuinely motivated to sell this simple and secure business.

Property Summary

Business Snapshot

Price: $670,000 Net Profit: $64,500 Remuneration / Body Corp Salary: $45,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
3 Bedroom Townhouse. Plenty on parking

Complex Information

Complex Type: PermanentTotal Units in Complex: 30Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 13Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesGym: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jim Lowe
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mcdowall, Queensland 4053 Exact map location not provided

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Expressions of Interest
Net Income: $82,866
Managers Estate: - 2 Bed 2 Bath
Letting Pool: 55
Remuneration: $72,021

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