Discover a remarkable opportunity with this large management rights complex in the western suburbs, boasting substantial income potential and ease of operation. Located just 15 minutes from Ipswich central and minutes from Redbank Plaza and Costco, this property is conveniently positioned with a bus stop at the front door and a park-and-ride railway station within a five-minute walk.
The complex features 3-bedroom, 2-bathroom townhouses, each with a single lock-up garage and an additional vehicle space. The spacious manager's unit offers a double lock-up garage, extra parking, and is fully air-conditioned with ceiling fans throughout. With rents rising at every lease renewal and a healthy Body Corporate salary that adjusts with CPI, the financial outlook is strong.
The total purchase price for this venture is $3,330,000, with a net income of $503,339, representing the business's income after expenses, before tax. The included real estate is valued at $570,000. The caretaking agreement spans 24 years with no on-site living requirement, allowing flexibility for owners to rent out their units for additional income. The strong and stable letting pool of 11 units out of a total in the complex.
The property is easy to manage, with grounds maintained by a ride-on mower and whipper snipper, and all equipment provided by the Body Corporate. There is also a separate single lock-up garage for equipment storage, with potential for additional built-in space. With a large sinking fund budget and the possibility of acquiring units currently managed by outside agents, this opportunity is not to be missed.
Nathan Eades on 0448 339920
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
