Logan
$2,681,300
3
2
3
Management Rights
- Permanent Complex Type
- 71 Letting Pool
- $174,627 Remuneration
- $376,500 Net Profit
- $460,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
$376,000 PROFIT. LIVE OFF-SITE. SOUTH OF BRISBANE
A popular residential complex with generous two-storey townhouses offering a private urban retreat, south of Brisbane. Option to live off-site. Body Corporate Salary of $174,000 representing almost 50% of total net profit. Over 20 years remaining on Management Rights agreements. An historically stable rental pool with plenty of scope to increase this income by way of accumulating lets from existing outside real estate agents. Excellent return on investment with real estate component of only $460,000; being a 3-Bedroom, 1.5 Bathroom, 3 car townhouse with office attached. This well maintained and presented gated townhouse community has a very supportive Body Corporate Committee. The complex features in-ground swimming pool, tennis court, BBQ area and kids play area. Picture perfect for investors and in demand for tenants, this Management Rights business is ideally located close to school, shops, IKEA, restaurants, and public transport with easy access to the Gateway and Logan motorways. Make the most of the beautiful Queensland weather and take to the outdoors at nearby Karawatha Forest Park and explore the Karawatha Forest Discovery Centre. Contact me now for an on-site inspection.
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