Simple and Easy!

Walk to Richlands Plaza and Woolworth in minutes, close to all the necessary amenities, dining, shopping, beauty & health and an easy stroll to Richlands Train Station

15min ride to Sunnybank Hills, 20 min to Garden City Westfield, 25 mins to South Bank Parklands

Complex very popular with renters, since ideal location and good rental

Body Corporate very good and supportive to work with

Very well run business, all procedures documented

Well presented complex and low caretaker workload

No requirement to reside onsite and no set office hours

Long agreement, still 23 years left on agreement

Good Remuneration $45,271 with annual adjustment of at least 3%

Spacious manager unit - three bedrooms, two bathrooms, one garage and attached on title office

Simply, Neat and Tidy! Come and take a look we are sure you will be impressed!!


Business Snapshot

  • Price: $899,000
  • Net Profit: $105,077

Managers Unit

  • Value of Managers Apartment: $375,000
  • Bedrooms: 3
  • Bathrooms: 2
  • Car Spaces: 2
  • Office: On Title

Complex Information

  • Complex Type: Permanent
  • Total Units in Complex: 39
  • Total Units in Letting Pool: 29
  • Permanent Units: 29
  • Owner Occupy Units: 6
  • Outside Agent Units: 2
  • Agreement Module: Accommodation
  • Agreement Term: 25 years
  • Agreement Term Remaining: 23 years
  • Pool
  • BBQ Area

Business Links / Tools

Last updated: 31st July 2018


Property Type
Contract Type
For Sale
  • Management Rights

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David Jiang
Patrick Leou