Arundel, Queensland

Convenient and Profitable

SOLD

Business Description

This well maintained gated townhouse complex is straight forward to manage.

A substantial stand-alone four bedroom manager's villa makes living onsite a dream.

Centrally located with easy access to the best schools, Westfield Shopping Centre, Golf Clubs, Train Station, Harbourtown and the M1.

Long management agreements in place and a stable income makes this business one to strongly consider.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $116,000 Remuneration / Body Corp Salary: $51,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Stand alone Villa, Four Bedroom

Complex Information

Complex Type: PermanentTotal Units in Complex: 39Total Units in Letting Pool: 24Permanent Units: 24Owner Occupy Units: 14Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

Key Insights:

1. Well-maintained gated townhouse complex with easy management.

2. The complex is centrally located with easy access to amenities such as schools, shopping centers, and transportation.

3. The manager's villa is a stand-alone four-bedroom unit, making living on-site convenient and comfortable.

4. Long management agreements in place and stable income make this business a strong investment opportunity.

5. The net profit for the business is $116,000, with a remuneration/body corp salary of $51,000.

6. The value of the manager's apartment is $495,000, with four bedrooms, three bathrooms, and two car spaces.

7. The complex is a permanent type with a total of 39 units, with 24 units in the letting pool and 24 permanent units.

8. The complex has facilities such as a pool, BBQ area, and pay TV.

9. The agreement module is accommodation, with a term of 25 years and 21 years remaining.

10. Pets are allowed in the complex.

Management Rights Multiplier: 4.72
ROI Estimate: 21.17%