Browns Plains
Sold
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3
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Management Rights
- 62 Total Units
- Permanent Complex Type
- 34 Letting Pool
- $75,029 Remuneration
- $161,042 Net Profit
- $580,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
JUST LISTED - OPPORTUNITY IN BROWNS PLAINS
This Townhouse complex in popular Browns Plains is handy to shopping centres, public transport and motorway. The complex is well presented with swimming pool and gymnasium facilities and enjoys solid rental demand with minimal vacancy. There is also potential here for proactive new operators to increase the letting pool further. Caretaking and Letting Agreements are Gallery Vie compliant, just topped up and run through to 2045. Accountant's figures to 31st Oct 2021 show a Net Profit of $161,000 The Manager's lot (896m2) is separate and provides options - spacious single level home with 3 bedrooms, 2 Bathrooms plus office attached and also includes a self-contained granny flat - currently rented @ $260 pw (not included in stated Net Profit) - plenty of carparking. Offered for sale by genuine sellers who now need to focus on other commitments. Price $1,415,000 (incl. Manager's Lot)
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