Inner city permanent only two years old netting $400k verified

Inner city permanent only two years old netting $400k verified

$3,178,000Sold

Just moments away from bustling Montague Road & Vulture Street. Ecco Apartments are near new and boast two stunning rooftop swimming pools with stunning city views.

Key Features

  • Consisting of 149 stylish apartments over stunning buildings with 97 in the letting pool.
  • With two breathtaking rooftop swimming pools over looking the city with sundeck, sauna and gymnasium, you wont have any vacancy issues here.
  • A whopping $194,906 body corporate salary excluding GST - increasing by a minmmum of 5% annually
  • With uninterrupted 270 degree view of the city skyline all the way out to Mt Coot-Tha. Close to it all, West End is a village you'll love to live in, with cafe's, bars, transport and universities.
  • Getting around Brisbane will be a breeze, located just 225m from the City Glider bus stop and 1km from the City Cat terminal, you'll never have to take the car out of the garage.
  • The feel is fresh, clean and contemporary, holding great appeal for design-savvy owners. Sleek gourmet kitchens feature beautiful stone bench tops and quality appliances. Chic bathrooms are finished to perfection, adding an elegant note.
  • Two body corporates with 22 & 23 years on each term, meaning you have far less risk then an off the plan yet still a near new building with long tenure.
  • Income projections are independently verified by industry specialists accountants, McAdam Siemons.
  • Net Profit - $401,000 plus additional $20,000 from rent.

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004003
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: West End
Sale Type: Management Rights - All
Net Profit: $401,000
Price: $3,178,000

Location

Listing Agent(s)

Agent Feedback

ARIA Property has had the pleasure of working with Tim on our 3 most recent projects, VINE, Jardin and Austin. Tim is very knowledgeable in off the plan multi-unit residential and his enthusiasm is infectious. He has shown to have a good work ethic and has been very transparent in all of his dealings.  ARIA Property Group will continue working with Tim on its upcoming developments.      

- Tim Forrester
Managing Director,
ARIA PROPERTY GROUP

Tim is helpful, friendly and passionate about the management rights industry and it is a pleasure to work with such a professional who takes a long term outlook on the industry.

- Michael Kent
Queensland Development Manager,
PELLICANO GROUP