Albany Creek, Queensland

Charming Management Rights Opportunity in Albany Creek

SOLD

Business Description

Charming Management Rights Opportunity in Albany Creek

Discover this beautiful, quiet complex offering an excellent investment opportunity. The manager's unit is a standalone 3-bedroom, 2-bathroom home with a 2-car garage, office, and garden shed. It features a spacious outdoor area for entertaining and is fully fenced for privacy.

Conveniently located within walking distance to a variety of restaurants, schools, and shops, this complex enjoys a friendly body corporate committee and offers a Body Corporate Salary of $86,407.92. The caretaking-only role comes with no set office hours, providing a flexible lifestyle.

- Nett Profit: $89,361
- Business Price: $225,000 @ 2.6x
- Unit Price: $740,000
- Total Price: $965,000
- Agreement Terms: 9 years remaining on Standard Module verry good BC

Situated in Albany Creek, a thriving suburb known for its family-friendly atmosphere, excellent schools, and abundant parks, this business benefits from a prime location with strong community ties and consistent demand.

Please contact Robert Collins at ---------- or email ---------- discuss further or arrange an inspection. You will not be disappointed.

**Ras 360 Property Solutions - Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: SOLD Net Profit: $89,361 Remuneration / Body Corp Salary: $89,361

Managers Unit

Value of Managers Apartment: $740,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Agreement Term: 10 yearsAgreement Term Remaining: 9 years

Marketing Agent

Robert Collins

0404 67....

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

1. The business is located in a quiet and family-friendly suburb with strong community ties and consistent demand.
2. The complex offers a standalone 3-bedroom, 2-bathroom manager's unit with a 2-car garage, office, and garden shed.
3. The manager's unit has a spacious outdoor area for entertaining and is fully fenced for privacy.
4. The complex is conveniently located within walking distance to a variety of amenities such as restaurants, schools, and shops.
5. The complex has a friendly body corporate committee and offers a Body Corporate Salary of $86,407.92.
6. The caretaking-only role comes with no set office hours, providing a flexible lifestyle for the manager.
7. The business has a Nett Profit of $89,361 and is priced at $225,000 @ 2.6x.
8. The unit price is $740,000, bringing the total price to $965,000.
9. The agreement terms include 9 years remaining on the Standard Module verry good BC.
10. The business is managed by Ras 360 Property Solutions, specializing in Management Rights, Motels, Hotels, Pubs, and Parks.

Management Rights Multiplier: 2.52
ROI Estimate: 39.72%