No unit to buy, not required to live onsite!Nundah Business Only Management Rights $645,000
Permanent Management Rights, Nundah QLD
This modern apartment building offers the successful buyer a great opportunity to secure a low maintenance building that is well positioned in the letting market and is always full. The building consists of 48 spacious one and two bedroom apartments located within the central of Nundah.
• High Return
o No requirement to live onsite or purchase real estate
• Limited caretaking duties and Low maintenance
o Gardens is maintained by the professional and paid by the body corporate.
o The grass is artificial and no need to mow. The only grass that for you to mow is in front of the building and it only takes a few minutes
o Regular tidy up the common area is carried out by the contractor who only charges $50 per week.
• No office hours so the flexibility to work as you please
• long term agreements with 21 years agreement in place
• Strong rental area
• Near new building
• Idea add on business or for a first timer
• Supportive committee and Body Corporate
• Great location
Access to all important facilities, Situated within walking distance to Toombul Shopping Centre and Nundah Village, this apartment is close to public transport and convenient yet quiet location.
Net Profit: $115,000 Remuneration / Body Corp Salary: $62,000
Managers UnitOffice: Exclusive Use
Complex InformationComplex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 37Holiday Units: 37Agreement Term Remaining: 21 years