ResortBrokers is excited to offer The Brook at Kalinga Park- a fabulous townhouse complex and on the city side of Nundah.
On offer is a solid and well performing business in a great area close to the city; a fantastic place to work and home in Brisbane's desirable inner north. With 22 years remaining on the 25-year caretaking agreement, this business is a solid opportunity.
The income is significant with the body corporate salary $118,725, soon to increase with CPI adjustments. This represents a strong income, stylish townhouse and a lifestyle to boot!
The letting side of the business benefits from a scarcity of rentals in the area as well as annual increases in rents, not to mention a stable letting pool in a complex has a supportive community-minded atmosphere.
The vendor is highly cooperative and will train you up on the easy-to-operate systems and procedures they have put in place to ensure the smooth running of this business. What's more, there are no set office hours, which gives you maximum flexibility in managing your caretaking duties.
The manager's townhouse is a spacious and renovated 3-bed, 2-bath living area with a great entertaining space and a separate office to do business, as well as solar power to help with the electricity bill. The complex is a five-minute walk to Toombul train station and the shopping and dining hubs of Nundah, Chermside and central Brisbane are within easy reach.
Our broker Frank Matus would be delighted to walk you through this opportunity.
- Significant net income of $182,656
- Body Corporate salary of approx. $118K that increases annually with CPI
- Fabulous three-bed, two-bath renovated manager's residence
- No office hours, flexible management operations
- Extensive handover and support provided
- Solid & stable letting business with rentals being scarce in a rising market
- Inspections are by appointment only
