The Pines Apartments and Alto Townhouses are a prime asset acquisition for an experienced operator or management team looking to secure a solid BC income and two, easy to run complexes presented in top condition. Located only 10 minutes apart in Gladstone!

  • The Pines Apartments comprises 71 units with a majority being 2 bed / 1 bath / 1 car design
  • Current letting pool of 48 furnished units. 5 permanent rentals with outside agents and 17 owner occupiers
  • Manager's two bedroom unit with adjoining office (on title) positioned on ground floor - $220K
  • On-site facilities - half tennis court, pool, BBQ & covered seating area, underground parking & secure key entry
  • Elevated position overlooking the harbour and hinterland, short walk to major amenities and 5 mins to airport
  • Alto Townhouses (10 mins drive) built in 2013 on a hillside location with lovely views
  • 17 years remaining to 25 year caretaking and letting agreements
  • Letting pool of 35 out of 42 townhouses, with 3 outside agents. All permanent rentals.
  • No set office hours or real estate to own
  • Modern design with quality finishes and spacious floorplans
  • High combined net income over $246,000 for both complexes
  • Underpinned by strong combined BC salary making up over 60% of income 
Tim Crooks

Interested? Why not give Tim Crooks a call on 0417 544 562 or