Ashmore, Queensland

Simply Outstanding

SOLD

Business Description

No requirement to reside onsite.

A generous body corporate salary of $86,127, plus 21 years remaining on agreements and room to improve the business.

It’s finally time for this very satisfied and long standing business owner to move on from this rock solid business.

An extremely popular permanent townhouse complex boasting an excellent location with a short walk to school, shopping and parks.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $193,000 Remuneration / Body Corp Salary: $86,127Business Value: $1,033,200Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $429,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

No Requirement to live onsite. Good sized townhouse.

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 47Owner Occupy Units: 13Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesTennis Court: YesPay TV: Yes

Other Features / Notes

Pool, BBQ, Tennis Court, Location, Location, Location

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

AI generated. Confirm details with the seller.

1. Highly profitable permanent townhouse complex with a net profit of $193,000.

2. Generous body corporate salary of $86,127 with annual CPI reviews.

3. Excellent location with a short walk to school, shopping, and parks.

4. No requirement to reside onsite, providing flexibility for the business owner.

5. Long-standing and satisfied business owner looking to move on from a rock-solid business.

6. 21 years remaining on agreements, providing stability and room for growth.

7. Good sized townhouse included in the manager's unit, valued at $429,000.

8. Complex consists of 68 units, with 47 units in the letting pool and 13 owner-occupied units.

9. Agreement module is accommodation with a term of 25 years, with 21 years remaining.

10. Great amenities including a pool, BBQ, and tennis court.

11. Other features include location, location, location, and pet-friendly units.

12. Opportunity for further growth and improvement of the business.

Management Rights Multiplier: 5.35
ROI Estimate: 13.20%