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: $51,000Business Value: $548,000Body 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: 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. Includes a spacious four bedroom manager's villa for onsite living.

3. Centrally located with easy access to schools, shopping centers, golf clubs, and public transportation.

4. Long management agreements in place and stable income.

5. Net profit of $116,000 and remuneration/body corp salary of $51,000.

6. Annual CPI review for body corp salary.

7. Manager's unit valued at $495,000 with four bedrooms and three bathrooms.

8. Complex type is permanent with 39 units in total and 24 units in the letting pool.

9. 25-year agreement term with 21 years remaining.

10. Amenities include a pool, BBQ area, and pay TV.

Management Rights Multiplier: 4.72
ROI Estimate: 11.12%