Arundel, Queensland
Permanent Management Rights in Arundel. No office hours & easy gardening.
SOLD
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
- 25 years agreement
- 41 villas in total, 4 - in rental pool
- Good BC salary of $69,254 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: SOLD
Net Profit: $79,624 Remuneration / Body Corp Salary: $69,254Business Value: $290,000Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Permanent management rights for sale in a small and quiet secure gated complex in Arundel.
2. No requirement to live on-site or purchase real estate.
3. No set office hours and only gardening duties required.
4. 25-year agreement with yearly CPI increase.
5. Good BC salary of $69,254 pa (excl GST) with potential for additional income through renting or selling in the complex.
6. Supportive BC committee and near new utility buggy included.
7. Big shed for tools and equipment storage.
8. Inspections welcome by appointment.
9. Total of 41 villas in complex with 4 in the rental pool.
10. Additional income potential for handyman services.
11. Great location in Arundel, close to amenities.
12. Opportunity to increase rental income and potential for capital growth in popular complex.
