Address available on request

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.