Wellington Point, Queensland

$1,067,000

Property Description

SOLID BRISBANE BAYSIDE OPPORTUNITY

This attractive townhouse complex can be comfortably operated by one person and is in a sought after location at Wellington Point. A short walk to shops, cafes and restaurants, with waterfront recreation areas close by. Birkdale Fair is just a five minute drive away.

With excellent schools nearby, including Ormiston College and Redlands College, the area is family friendly and the business experiences very steady rental demand with many long term and repeat tenants.

The manager has a particularly spacious and well presented 3-4 bedroom stand alone house – an ideal family home with individual driveway and double garage. The office is attached on title with a separate entrance.

The business shows a Net Profit of approx $115,000. There are 21 years remaining on the agreements with simple duties and a positive Body Corporate. This Management Rights business opportunity offers a number of lifestyle options for the incoming operator.

Property Summary

Business Snapshot

Price: $1,067,000 Net Profit: $115,384 Remuneration / Body Corp Salary: $68,971Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $515,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes
Manager’s residence is a spacious stand-alone 3-4 bedroom, 2.5 bath home with double garage and office attached on title.

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 26Permanent Units: 26Owner Occupy Units: 12Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

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Jim Lowe
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Wellington Point, Queensland 4160 Exact map location not provided

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