CAPALABA QLD 4157

$649k MR & $649k Unit = Total $1.298M

Discover Bayside Bliss at Victoria Gardens: Where Growth, Serenity, and Profits Flourish!

- CAPALABA QLD

$649k MR & $649k Unit = Total $1.298M

Victoria Gardens Management Rights offers an impeccably presented complex at the Gateway to the Bayside, providing a quiet and private environment. The manager’s townhouse features a large office and undercover parking for two cars, epitomizing refined living. Located in a booming area with strong growth prospects, this easy-to-run business includes manageable maintenance tasks and cooperative, non-interfering committee support.

The complex consists of 64 units, with 20 currently in the letting pool and potential for further expansion. With an anticipated rise in rents in the near future, increasing revenue streams is achievable, particularly through the utilization of handyman tasks currently outsourced to external contractors.

The net profit stands at $649k, with a business price of $649k at 4.54x, and a unit price of $649k, totaling $1.298M. There are 25 years remaining on the Accommodation module. Featuring a spacious three-bedroom, two-bathroom manager’s townhouse with a generous office and undercover parking for two vehicles, this is an exceptional investment opportunity.

– Nett Profit: $143k
– Business Price: $649k @ 4.52x
– Unit Price: $649k
– Total Price: $1.298M
– 25 years remaining on Accommodation module

For enquiries and further details, please contact the Exclusive Agent, Robert Collins, at robertc@ras360.com.au or by phone at 0404 678 792.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

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CAPALABA QLD 4157

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