Toowong, Queensland

$1,370,000

Property Description

Great Complex in the Heart of Toowong

Fantastic complex nestled away in the Toowong shopping precinct and on the bus/train transport system to the City. The mix of 2 & 3 bedroom apartments is popular with overseas and local university students. Well appointed, spacious Manager's apartment with office $585,000. Netting $157,000. Management Rights $785,000, TOTAL $1,370,000 but not yet at full income potential with plenty of scope to increase. Phone Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au

Property Summary

Business Snapshot

Price: $1,370,000 Net Profit: $157,000 Remuneration / Body Corp Salary: $95,064

Managers Unit

Value of Managers Apartment: $585,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 50Total Units in Letting Pool: 34Holiday Units: 34Owner Occupy Units: 14Agreement Term Remaining: 21yrs years

Marketing Agent


Marketing Agency

RAAS Group

Robert Collins
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Toowong, Queensland 4066 Exact map location not provided

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