This property is offered for the first time in 12 years.
The Vendor has an expectation for offers from a 5.6 multiplier on income prepared by Management Rights specialist accountant.
There is also additional income of commission on sales of unites in the complex not included in the figures
There is also Broadband (NBN) now installed in the building and the incumbent manager is organizing Wifi in all apartments which should also generate additional income, again not included in the income statement.
Please contact Robert Collins Exclusive Broker on 0404678792 or robertc@raas.com.au

Beautiful located in the popular Teneriffe area. Walk to City Cat, restaurants and coffee shops. NBN is installed.