Wellington Point, Queensland

$1,067,000

Property Description

SOLID BRISBANE BAYSIDE OPPORTUNITY

A great townhouse complex in a popular, family friendly location.

Short walk to shops, cafes and restaurants, five minute drive to Birkdale Fair, close to the waterfront and King Island recreation areas. Excellent schools nearby, including Ormiston College and Redlands College.

This townhouse community experiences very steady rental demand with many long term and repeat tenants.

21 years remain on management rights agreements with a positive Body Corporate relationship. And the Caretaking and letting operations can be comfortably operated by one person.

Manager’s residence is a spacious stand-alone 3-4 bedroom, 2.5 bath home with double garage and office attached on title.

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

Property Bridge

Jim Lowe
Property Bridge

Phone

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Map Location ( get directions )

Wellington Point, Queensland 4160 Exact map location not provided

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