Experience the epitome of modern living and lucrative income potential at NEO NORTH LAKES. This complex offers a harmonious blend of convenience, comfort, and opportunity, situated in the heart of sought-after North Lakes. Boasting 88 apartments and 12 commercial offices, this pet-friendly haven caters to a diverse range of residents, from young professionals to retirees.
Features and Benefits:
- Flexible Lifestyle: No onsite living requirement allows you the freedom to reside onsite or capitalize on rental income. Combine the convenience of apartment living with outdoor green space with a mixture of low maintenance gardens and grassed areas for residents to enjoy, making it one of the most desirable complexes in North Lakes.
- Robust Financials: Enjoy a net operating profit of $255,000, complemented by a residential body corporate salary and an additional commercial salary of $154,748.
- Commercial Component: The complex is also adjoined by 12 commercial offices including a café at the front of the complex increasing demand for residence within the complex.
- Prime Location: Strategically positioned minutes away from key amenities including Westfield shopping centre, medical services, and educational facilities.
- Scenic Surroundings: Embrace the tranquil ambiance of NEO NORTH LAKES, surrounded by lush greenery and modern amenities.
- Manager’s Unit: Enjoy the spacious 2 bedroom, 2 bathroom unit with an adjoining office on title, offering comfortable living quarters and convenience for managing the complex.
- Easy Management: Utilize the well-established system for streamlined management and potential profit growth.
- Astute Investment: Secure this golden opportunity for financial gain in a picturesque setting enjoying strong returns and growth potential with vendor very motivated to sell.
Don't miss out on this exceptional chance to step into a flourishing business venture. Contact Malcolm O'Farrell today to secure NEO NORTH LAKES and embark on a journey of financial success and lifestyle freedom.
Enquire now for further information on this outstanding Complex! Please do not hesitate to contact Malcolm O'Farrell on 0423 091 151 or email [email protected]
Financials
Body Corporate Salary: $120,085 Caretaking, $34,674 Commercial
Management Unit
Management Unit Price: $470,000
Complex Overview
Complex Type / Module: Permanent
Total Units Inside Letting Pool: 39
Total Units in Complex: 88
Holiday Units: 0
Outside Agent: 24
Owner Occupied: 25
Agreement Term: 25 Years
Years to Run: 18 Years