OUTSTANDING OPPORTUNITY AVAILABLE NOW!!
$1,815,000
Permanent Management Rights, NORTH LAKES QLD
Experience the epitome of modern living and lucrative income potential at NEO NORTH LAKES. This complex offers a harmonious blend of convenience, comfort, and opportunity, situated in the heart of sought-after North Lakes. Boasting 88 apartments and 12 commercial offices, this pet-friendly haven caters to a diverse range of residents, from young professionals to retirees.
Features and Benefits:
- Flexible Lifestyle: No onsite living requirement allows you the freedom to reside onsite or capitalize on rental income. Combine the convenience of apartment living with outdoor green space with a mixture of low maintenance gardens and grassed areas for residents to enjoy, making it one of the most desirable complexes in North Lakes.
- Robust Financials: Enjoy a net operating profit of $255,000, complemented by a residential body corporate salary and an additional commercial salary of $154,748.
- Commercial Component: The complex is also adjoined by 12 commercial offices including a caf at the front of the complex increasing demand for residence within the complex.
- Prime Location: Strategically positioned minutes away from key amenities including Westfield shopping centre, medical services, and educational facilities.
- Scenic Surroundings: Embrace the tranquil ambiance of NEO NORTH LAKES, surrounded by lush greenery and modern amenities.
- Managers Unit: Enjoy the spacious 2 bedroom, 2 bathroom unit with an adjoining office on title, offering comfortable living quarters and convenience for managing the complex.
- Easy Management: Utilize the well-established system for streamlined management and potential profit growth.
- Astute Investment: Secure this golden opportunity for financial gain in a picturesque setting enjoying strong returns and growth potential with vendor very motivated to sell.
Don't miss out on this exceptional chance to step into a flourishing business venture. Contact Malcolm O'Farrell today to secure NEO NORTH LAKES and embark on a journey of financial success and lifestyle freedom.
Enquire now for further information on this outstanding Complex! Please do not hesitate to contact Malcolm O'Farrell on 0423 091 151 or email
More Information
- Total Purchase Price: $1,815,000
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 0.0
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?