FOR SALE
Vendor must sell. All genuine offers will be considered.

3 Mclennan Court
North Lakes QLD 4509

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Motivated Vendor, Open to All Reasonable Offers

Motivated Vendor – Open to All Reasonable Offers
Experience modern living and fantastic income potential at NEO NORTH LAKES, a standout complex in the heart of North Lakes that combines convenience, comfort, and opportunity.
- Flexible Living Options: With no requirement to live onsite, you can choose to live in the manager's unit or rent it out for extra income. The complex features low-maintenance gardens and green spaces, making it one of North Lakes' most desirable places to live.
- Solid Financials: Enjoy a net operating profit of $251,945, including a residential body corporate salary and a commercial salary totalling $145,488.
- Commercial Aspect: Adjoined by 12 commercial offices, including a café at the front, the complex enjoys extra demand for its residential units.
- Prime Location: You’re only minutes from key amenities like Westfield shopping centre, medical services, and schools, adding to its appeal for residents.
- Comfortable Manager’s Unit: The spacious 2-bedroom, 2-bathroom manager's unit comes with an adjoining office on title, providing both a comfortable living space and a functional management hub.
- Simple Management: The complex runs on a well-established system, making day-to-day operations smooth and leaving room for future profit growth.
- Smart Investment: This is a rare opportunity to secure strong returns in a growing area, offering both lifestyle and financial rewards.
Don’t miss out on this exceptional opportunity to invest in a thriving business. Contact Malcolm O'Farrell today to lock in NEO NORTH LAKES and take the next step towards financial success and a flexible lifestyle.
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Property Details for 3 Mclennan Ct, North Lakes

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Commercial

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About North Lakes 4509

The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.

North Lakes has 9,148 properties. Over the last 5 years, Houses in North Lakes have seen a 85.26% increase in median value, while Units have seen a 77.89% increase. As at 30 November 2024:

  • The median value for Houses in North Lakes is $931,802 while the median value for Units is $617,504.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 40 properties listed for sale, and 102 properties listed for rent in North lakes on OnTheHouse. According to CoreLogic's data, 497 properties were sold in the past 12 months in North lakes.

Suburb Insights for North Lakes 4509

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Malcolm O'Farrell
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RAAS Property Group
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.