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

We purchased ECCO and Bohemia through Jessica at Resort Brokers. Jessica is a professional agent with a wealth of knowledge about management rights. She always keeps us up to date and returning our calls or emails promptly. We look forward to get the next opportunity to work together.

- Wenbin Shen
Vendor,
AUMR Property Management 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

It has been a great experience for us to work with Jessica in the bidding process for Bohemia, West End management rights.  We have been impressed by her professionalism, deep knowledge, and extensive experience in the industry, particularly in the off-the-plan sector.  Her advice has been very helpful and the support is greatly appreciated by us.  We look forward to the next opportunity to work together.

- JJ & Brenda
Vendor,
Bohemia, West End