Mcdowall, Queensland

$625,000

Property Description

PRICE REDUCTION IN POPULAR McDOWALL

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.

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.

A total of thirty lots, twelve in the permanent letting pool, a Body Corporate salary of over $860 per week and Net Profit of approx $1,200 per week.

A positive committee, no set office hours and very manageable caretaking duties allow flexibility and help to make this an ideal opportunity for a part-time or semi-retired operator.

Caretaking and letting agreements will be topped up to 20 years by the seller as a condition of sale, providing security for the incoming manager. Please contact the agent for details.

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

Property Summary

Business Snapshot

Price: $625,000 Net Profit: $63,290 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: 20 yearsPool: YesGym: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jim Lowe
Property Bridge

Phone

Listing Tools

This listing last updated: 16th September 2020

Property Map

Map Location ( get directions )

Mcdowall, Queensland 4053 Exact map location not provided

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