Arundel, Queensland
Permanent Management Rights in Arundel. No office hours & easy gardening.
$410,000
Business Description
- Small and quiet secure gated complex
- Great Arundel location, close to everything
- No requirements to live on-site
- No real estate to buy
- No set office hours
- No facilities to manage, only gardening
- 23 years from 25 years agreement
- 41 villas in total, 4 - in rental pool
- Good BC salary of $67,630 pa (excl GST)
with yearly CPI increase
- Rental income of $10,370 pa (excl GST)
- Big opportunity to rent or sell in popular complex
- Lots of additional income for handyman
- Supportive BC committee
- Near new utility buggy is included
- Big shed for tools and equipment storage
- Inspections are welcome by appointment
Business Summary
Business Snapshot
Price: $410,000
Net Profit: $73,750 Remuneration / Body Corp Salary: $65,000Body corp salary review: CPI Annually
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 3Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. Small and quiet secure gated complex
2. Great Arundel location, close to everything
3. No requirements to live on-site
4. No real estate to buy
5. No set office hours
6. No facilities to manage, only gardening
7. 23 years from 25 years agreement
8. 41 villas in total, 4 - in rental pool
9. Good BC salary of $67,630 pa (excl GST) with yearly CPI increase
10. Rental income of $10,370 pa (excl GST)
11. Big opportunity to rent or sell in popular complex
12. Lots of additional income for handyman
13. Supportive BC committee
14. Near new utility buggy is included
15. Big shed for tools and equipment storage
16. Inspections are welcome by appointment
17. Price: $410,000
18. Net Profit: $73,750
19. Remuneration / Body Corp Salary: $65,000
20. Body corp salary review: CPI Annually
21. Complex Type: Permanent
22. Total Units in Complex: 41
23. Total Units in Letting Pool: 3
24. Agreement Term: 25 years
25. Agreement Term Remaining: 21 years
