Offered to the market for the first time since its inception, this well-established permanent townhouse complex consists of 174 lots, with 111 in the letting pool, and generates a substantial net profit.
Managed by a two-person team with no stipulated office hours, the caretaking duties are highly manageable. The P&L includes provisions for contract gardening assistance, ensuring a smooth and profitable operation while allowing the new owner to focus on core income drivers - rentals and sales. There is also potential to increase revenue through repairs, maintenance, and provide internet services to residents.
Situated near major amenities, including Costco, IKEA, public transport, and schools, the complex benefits from high rental demand and consistently low vacancy rates, making it a highly attractive investment.
If you are a seasoned operator or syndicate looking to maximise returns enquire today!
- High net income - $566,400 net profit
- P&L prepared by industry accountant
- Modern complex, only 9 years old with manageable common grounds
- Long accommodation module agreements - 21.5 years remaining
- B/C salary of $249,496
- Well-established business with experienced managers & comprehensive handover
- High rental demand and low vacancy
- Huge free-standing manager's residence with 4 bedrooms, 2.5 baths, DLUG + dual office
- Fantastic community & supportive committee with only two members living on-site
- Inspections by appointment only
