Arundel, Queensland

Wonderful Villas and Great Location

SOLD

Business Description

Tucked away in an immaculate leafy gated development near the highly regarded AB Paterson College, this complex features well maintained two and three bedroom villas.

On site recreational facilities including a large fully fenced swimming pool with grassy area as well as a spacious tiled undercover area with electric barbeque.

An excellent Body Corporate salary and great properties to rent to good quality permanent tenants will see you maintain a solid business in a beautiful environment.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $111,700 Remuneration / Body Corp Salary: $65,566Business Value: $568,000Body corp salary review: Other

Managers Unit

Value of Managers Apartment: $529,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Large Four Bedroom Villa

Complex Information

Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 21Owner Occupy Units: 21Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesPay TV: Yes

Other Features / Notes

Large four bedroom villa

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

AI generated. Confirm details with the seller.

1. Well-maintained two and three bedroom villas in a leafy gated development.
2. Close proximity to highly regarded AB Paterson College.
3. On-site recreational facilities including a fully fenced swimming pool and spacious outdoor area.
4. Strong Body Corporate salary and potential for good rental income from permanent tenants.
5. Beautiful environment and location.
6. Manager's apartment valued at $529,000 with four bedrooms and three bathrooms.
7. Complex type is permanent with a total of 45 units, 21 of which are in the letting pool.
8. Agreement module is accommodation with a term of 25 years and 17 years remaining.
9. Additional features include a large four bedroom villa and pet-friendly policy.
10. Potential for growth and expansion in the business.

Management Rights Multiplier: 5.09
ROI Estimate: 10.18%