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EXCLUSIVE TO CRE BROKERS. This well run complex is offered up for sale by experienced managers looking to retire after several years in the industry.
The income is continually increasing and there is a considerable up-side for the new Manager in the ensuing year. Springfield Lakes is a large growth area with a good catchment base for a continuous supply of tenants
The Manager's residence is a free-standing family sized 4 bedroom modern home with office and double lock-up garage.
The offering is a great home and business opportunity for a family or partnership management team.
TOTAL NUMBER OF UNITS : 80
UNITS IN LETTING POOL : 76 plus 3 external rentals
NET PROFIT : $336,789
REAL ESTATE PRICE : 539,000
BUSINESS PRICE : $1,903,000
TOTAL ASKING PRICE : $2,442,000