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Great Complex in the Heart of Toowong

$1,370,000

Toowong, Queensland

Great Complex in the Heart of Toowong

Fantastic complex nestled away in the Toowong shopping precinct and on the bus/train transport system to the City. The mix of 2 & 3 bedroom apartments is popular with overseas and local university students. Well appointed, spacious Manager's apartment with office $585,000. Netting $157,000. Management Rights $785,000, TOTAL $1,370,000 but not yet at full income potential with plenty of scope to increase. Phone Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au

Features

Business Snapshot

  • Price: $1,370,000
  • Net Profit: $157,000

Managers Unit

  • Value of Managers Apartment: $585,000
  • Bedrooms: 2

Complex Information

  • Complex Type: Permanent
  • Total Units in Complex: 50
  • Total Units in Letting Pool: 34
  • Holiday Units: 34
  • Owner Occupy Units: 14
  • Agreement Term Remaining: 18 years

Business Links / Tools

Last updated: 15th March 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 Toowong
State
 Queensland
Price
$1,370,000
Category
  • Management Rights
  • Property/Real Estate

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