11 Portia Street KINGSTON QLD 4114
$1,300,000

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.
Please contact Robert Collins Exclusive Agent on
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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