Address available on request,
Labrador, QLD 4215

- Three as new permanent complexes
- Current Vendor operates with full real estate licence
- 2 x 18 unit complexes with 31 in the letting pool
- 1 x 15 unit complex with 15 in the letting pool
- Two complexes as new, the other 18 months old
- 2 bedroom, 2 bathroom Managers residence with 2 car spaces
- Security gated, 3 pools
- Accommodation module with 25 year agreements
- Very easy to run, little garden maintenance
- All rents collected by direct debit
- Average rents $365 per week
- Additional rental income of $15,000 p.a from managers real estate (not included in figures)

Completion of third complex approximately February 2010

Nett Profit: $128,000 part projected
Asking Price: $895,000
(inclusive of managers real estate)

For further information on this management rights listing contact David Rotheram 0414 706 600 or email info@mrsales.com.au