This easy to keep complex offers a lifestyle spacious 3-bedroom, 2 bathroom single garaged town house that was refurbished at the end of 2017 with Vinyl flooring to lower level and carpet in the upstairs bedrooms and study nook area, new blinds to all downstairs windows.
Complex. You do not have to live onsite for the this management rights, so the choice is yours.
Check out the video for an over view of the complex.
Total number of units: 45
Units in rental pool: 36
Managers Residence Description:
Total building size: 153 Sqm
Manager’s car spaces: slug
Plus in front of garage under shade sail (exclusive use)
Office on title: No office
Unit 1 has 3 Bedrooms, 2 bathrooms, refurbished at end of 2017 with Vinyl flooring to lower level and carpet in the upstairs bedrooms and study nook area, new blinds to downstairs windows.
Garage has epoxy flooring.
Back yard has small garden and well-maintained lawn.
Recreation: No pool
Security gated complex
Built Approximately: 2008/2009
Regulation module: Accommodation Module
Does the agreement allow you to live off site? Yes
Pets allowed.
Financials
Listed Price $ 699,888.00
Managers Unit $ 300 000
Management Rights $ 399,888 (3.28 multiply Used)
Nett $121,842.11
Rental Income $ 61,196.40 + GST
Salary $ 60,645.71 + GST
salary increase as per CPI around 12th August yearly
( Not included in the figures is the optional Garden and grounds maintenance of the complex of $7,962 cost using outside contractor for 2020 for the complex or do it your self and save)
Letting Business
Total units In Complex: 45
Number in Letting Pool: 36 one for sale at present sitting vacant
Number of Owner Occupiers: 3
Number Managed By Outside Agents: 5 (these could potentially be acquired by the new manager) Plus 3 in total for sale.
Agreement Term: 25 + 5 years
Agreement Remaining: 18 years
Starting Year of Agreement: August 2009
Easy run complex.
All units are fully tenanted with quality tenants.
Rent range from $275/week to $380/week.
No communal arears and no pool to maintain.
Beautiful Toowoomba and surroundings to enjoy and explore.
Must be sold act now and call John Diprose for more details
Please Note: This information is provided as a guide only and is based on figures provided to Onsite Property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.
