Molendinar, Queensland

$958,100

Property Description

Secure investment, very nice gated complex

This peaceful and quiet gated complex in a natural setting has 40 units with a mixture of townhouses and villas, spacious grounds and a swimming pool. The private Manager's residence has been refurbished, consisting of 3 bedrooms, 2 bathrooms and a nice outdoor entertaining area.

The body corporate salary and rental letting pool offers a net profit of $123k per year. The letting pool includes 27 units with potential for an increase in income through additions to both rental letting and general maintenance around the complex.

After four years on site, the current managers are planning a well deserved break with a road trip and some new adventures. This is a great investment with strong rental demand in this area giving a secure future income.

Contact Jon Love to discuss further.

Love Management Rights.
Love the Lifesytle.

Property Summary

Business Snapshot

Price: $958,100 Net Profit: $123,000 Remuneration / Body Corp Salary: $63,887

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 27Holiday Units: 27Owner Occupy Units: 7Agreement Term: 20 yearsAgreement Term Remaining: 17 years

Marketing Agent


Marketing Agency

RAAS Group

Jon Love
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Molendinar, Queensland 4214 Exact map location not provided

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