11 Portia Street KINGSTON QLD 4114
$1,300,000
$1,300,000
SUMMARY
Two complexes to purchase together
PROPERTY DETAILS
- Price
- $1,300,000
- Listing Type
- Businesses For Sale
- Property Type
- Unspecified
DESCRIPTION
The office is on Common Property and is exclusive use to the Caretaker. There is a Garden Shed with all garden equipment required purchased by the Body Corporate.Second complex has managers nice 3 bed 2.5 bath 2 car home with office as well if required. Current manager has this home rented out and the person renting it also seconds as their after hours representative.
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Easy care complex with limited gardening. Close to rail and bus for commuters. Normal letting pool charges apply to 20 t/houses. NRAS 13% management only applies.Balance is normal rentals.
This complex has been running for 5 years exceptionally well with the NRAS component. Second complex is a normal complex with managers home . The complexes are less than 5 minutes drive. They are sold as one unit. Because the NRAS is the good one valuers are happy to accept all at normal rate
1 P&L = $70,737
2 P&L = $124,691
TOTAL = $195,248
This will be sold at less than a 4.8 multiplier
INFORMATION
- New or Established
- Established
