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: $65,566Body 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: 21Permanent Units: 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

1. The business is located in a highly desirable, leafy gated community near a highly regarded school.
2. The complex features well-maintained two and three bedroom villas.
3. On-site recreational facilities, including a large swimming pool and outdoor area, provide added value for tenants.
4. The business has a solid Body Corporate salary and a history of good quality, permanent tenants.
5. The Managers Unit is a large four bedroom villa with an office and two car spaces.
6. The complex has a total of 45 units, with 21 units in the letting pool and 21 permanent units.
7. The agreement term is for 25 years, with 17 years remaining.
8. The complex has amenities such as a pool, spa, and pay TV.
9. The business is in the Accommodation agreement module.
10. Other features include a fully fenced swimming pool, electric barbecue, and pet-friendly policies.

Management Rights Multiplier: 5.09
ROI Estimate: 19.67%