You won’t find a better bang for your buck at a 4.97x multiplier than this reputable and well-maintained MLR business backed by a strong BC salary representing 70% of the income. The coveted management and letting rights plus associated real estate are situated in popular Toowong, just 4km to the Brisbane city centre.
Run under a single scheme, this sought-after complex has recently topped up caretaking and letting agreements providing security of long tenure for the incoming manager and demonstrating a supportive working relationship with the committee.
The property boasts excellent on-site facilities, featuring a ground-floor office on title and a spacious 3-bedroom, 2-bathroom manager's unit. Priced at $750,000 for both, this represents incredible value and a desirable solution for a family to live comfortably on-site alongside potential income generation. Whether opting to reside onsite or rent out the manager's unit, this opportunity promises flexibility.
The proximity to top private or state schools enhances its appeal, making it an ideal choice for families looking to settle in the area.
Interested? Why not give Jeff Keast a call on 0414 669 007 or jeff@resortbrokers.com.au
