149 Keona Road

Mcdowall QLD 4053

A living and business environment that will tick all the boxes, with 79% of the income being securely derived from the caretaking salary. The current caretaker enjoying more than fifteen years of residence, however, she must now retire. There is room to grow the letting income within this residential complex. The Principle Committee oversees the common areas shared by the Apartments and Stand Alone Houses. Superb amenities and location viz: only 9km from the CBD; Prince Charles Hospital; walking distance to McDowall State School and only minutes to the North-side Christian College. This is an ideal complex to grow your Management Rights portfolio. The business is partnered with a comfortable and spacious 3 bedroom, 2 bathroom and double garage with a generous 24 square metre storage capacity. This is a home that you may choose to live in. You can expect a rental income from the manager's residence of $500 per week. All you have to do is inspect and see the benefits for yourself.
TOTAL NUMBER OF UNITS : 38
UNITS IN LETTING POOL : 8