Cosyhouse + office (own main & back door) + concrete backyard
3good sized Bedrooms (main with ensuite and walk-in robe) / Large Air Conditioner in Living area / Living + Dining / Kitchen / 2 Bathroom/2Toilets / Double Lock up Garage. Privacy blinds on patio plus solar panels on roof.
Quiet residential complex with a community swimming pool.
17 visitor parking lots in the complex and off-street parkingin McAuley Parade.
Superb location: Easy 7 mins walk to public transport (bus), quick5 mins access to M1, Helensvale Train and Light Rail Station, as well as Helensvale WestfieldShopping Centre. Walk or drive to new Coles supermarket or drive 5 mins to Woolworths, McDonalds and many take-away stores and restaurants.
Across the road is an AFL sports ground and walk to Park Lake Primary School. Jubilee Private School is also very close.
Very Low Body Corp ($59 a week)compared to a few similar complexes nearby.
Council Rates: $378/quarter
Manager can live offsite if required, the manager unit could be rented at $425/week, producingadditional rental income of $22,100 a year.
1/. High-lights for this Management Rights:
- Body Corp Easy to work with
- Only six office hours pw and Manager can live offsite if required
- Long Management Years to run on Contract
- Can be managed by 1 person
- Well run complex,majority family basedtenants who pay punctual rent
- Good location.
- Additional Income (if manager unit rented out) of $22,100 p.a.
11Houses Permanent Letting+1 Outside Agent letting ,12NRAS houses to Outside Agent &10 Owner Occupier (Incl.Mgr Unit), Total 34 Units.
1/. 20.5 Years remaining on contract.
34 Townhouses in Complex.
(All3-BedroomHouses with built-in robe/2Toilets/2Bath/Double Garage)
3/. Leases are written every 6/12 months, $400/week average.
4/. GoodBody Corp relationship.
5/. Body Corp easy to work with and No Body Corp issues ever. There is only 1 AGM once a year, usual matters are communicated efficiently via email among Body Corporate Manager and committee members.
6/. Very healthy Sinking FundCirca $145,000 as at Dec 2017. No major expenditure needing doing in near future. Straightforward freestanding buildings/land.
7/. No employees, can be managed by 1 person.
8/. Only six office hour’s pw in agreement. Very well-run complex, all procedures documented. Grounds easy care approximately 10-12 hrs (average) caretaking per week.
9/. Manager can live offsite if required and additional rental income of $22,100 a year if manager’s house rented out.
10/. Consistently high occupancy rates. Quiet residential complex close to all amenities including schools, public transport and shopping centres.
11/. Stable tenants: 95% tenants are family based who are stable renters who pay rent very punctually. Many renters have lived for more than 3 years and we never have any vacant houses as complex is very popular as it is so close to school and shops. Usually there is a waiting list of people wanting to rent here.
12/. Majority of owners are original owners from complex incorporation and are happy with high returns and don’t quibble about necessary maintenance costs.
13/. While small pet requires approval from Body Corporate, currently there are few pets in all the rented and owner occupier units.