Brand new complex, great for first timers!
This brand new complex with 31 Queenslander style town-homes is available for the first time. The care taking salary also includes the close by River Terraces complex with 22 townhouses.
There has a large potential rental pool with the area being very popular with investment properties / tenants.
The managers town home has three bedrooms, two bathrooms, large living space with an additional gigantic utility room under the residence. Large garage with enough room for 4 cars, tools etc.
As this is both a new management rights agreement and a new complex, there is a capital gains potential from house price growth and additional income generated form the body corp salary and the rental pool.
This area has a rental population of around 23% and the current vacancy rate is 2.07%. Sadliers Crossing is an ideal location for an investment in Management Rights.
Fantastic location: close to schools, riverside parkland, rail and the Ipswich CBD.
This is one to get in quick to capture the full potential of this opportunity.
Net Profit: $49,000 Remuneration / Body Corp Salary: $51,000
Managers UnitValue of Managers Apartment: $389,000Bedrooms: 3
Complex InformationComplex Type: PermanentTotal Units in Complex: 31Total Units in Letting Pool: 5Holiday Units: 5