Outstanding Management Rights Opportunity in Brisbane's Western Suburbs
This large, well-established management rights complex offers significant income potential and a seamless operation, making it an exceptional investment. Conveniently located just 15 minutes from Ipswich central and close to Redbank Plaza, Costco, and a park-and-ride railway station, the property boasts unparalleled accessibility.
Key Features
Prime Location:
Bus stop at the front door and a railway station within a five-minute walk.
Proximity to major shopping hubs and Ipswich's growing urban center.
Property Overview:
3-bedroom, 2-bathroom townhouses, each with a single lock-up garage and additional vehicle space.
Spacious manager's unit with a double lock-up garage, extra parking, full air conditioning, and ceiling fans.
Financial Highlights:
Net Income: $503,339 per annum after expenses, before tax.
Total Purchase Price: $3,330,000 (including real estate valued at $570,000).
Rents increasing consistently with every lease renewal.
Healthy Body Corporate salary indexed to CPI.
Management and Flexibility:
24-year caretaking agreement with no on-site living requirement.
Owners have the flexibility to rent out the manager's unit for additional income.
Strong letting pool of 11 units with opportunities to expand by acquiring externally managed units.
Operational Ease:
Grounds maintained with a ride-on mower and whipper snipper (equipment provided by the Body Corporate).
Dedicated single lock-up garage for equipment storage, with potential for added built-in storage space.
Additional Benefits:
Large sinking fund budget ensures well-maintained communal areas.
Why Invest Here?
This complex combines robust financials, minimal management effort, and a prime location in Brisbane's expanding western suburbs. With rising rents, a secure caretaking agreement, and the potential to grow the letting pool, this opportunity is ideal for first-time buyers or experienced investors seeking strong returns.
Don't miss out on this profitable and flexible investment. Contact us today to learn more!
Nathan Eades on 0448 339920
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
