TWO NEIGHBOURING PERMANENT COMPLEXES IN BRISBANE'S INNER NORTHSIDE
A ResortBrokers Special! This is a fantastic duo of management and letting rights complexes located right next to each other. Estilo on Kittyhawk is a fully established business whilst its neighbour Estilo on the Park presents as an off the plan opportunity that is currently well-progressed under construction. Our developer/vendor is looking to sell both assets in one transaction so that the successful party can reap the benefits of a larger scale business that comes with a net profit in excess of $580,000.
Highlights of the Combined Offering
- Both on 25 year Accommodation module agreements
- High net profit of $583,368
- Total of 238 apartments + 4 commercial lots
- Combined Body Corporate salary of $387,793 p.a.
- No set office hours and manageable duties
- Developed and run under management by Gardner Vaughan Group
- 116 apartments with 47 in letting pool
- 21 years remaining on 25 year Accommodation module agreements
- 16m2 office on ground level of building 1 (east)
- Manager required to reside on-site - option to rent or buy a unit
Off the plan Complex
- Under construction with Stage 1 due to complete in Q3 2024
- No requirement to live onsite or own a lot
- Manager's 9sqm office on mezzanine level and storage under OA
- 100 of 122 units already sold and construction well-progressed
- Level 1 pool, function room and rooftop with kitchen & deck, gym.
All inspections by appointment only