Beenleigh, Queensland

320k Net Profit in Beenleigh

SOLD

Business Description

• High and secure body corporate salary with excellent rental income
• Easy caretaking duties
• Good and reasonable committee
• Standalone brick manager unit with 4 bedroom, one study, an office and a huge yard of 1,569 m² land for offers over $570K
• A feel of community living in the countryside, quiet and peaceful, yet it's close to all amenities, and just a stone's throw to the Pacific Motorway with easy access to Brisbane and Gold Coast

Business Summary

Business Snapshot

Price: SOLD Net Profit: $319,213 Remuneration / Body Corp Salary: $203,645Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $570,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 160Total Units in Letting Pool: 82Owner Occupy Units: 65Outside Agent Units: 12Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesTennis Court: Yes

Marketing Agent

CeCe Chen

0450 45....

Lily Liao

0420 39....

Onsite Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business has a high and secure body corporate salary, providing a stable income for the managers.
2. The caretaking duties are easy, making the business manageable for the owners.
3. The committee is reasonable and easy to work with.
4. The manager's unit is a standalone brick house with ample living space and a large yard, making it a desirable living situation for the managers.
5. The location of the business offers a peaceful and community-oriented lifestyle while still being close to major amenities and transportation.
6. The business has a strong net profit of $320,000, providing a lucrative opportunity for potential buyers.
7. The body corporate salary is reviewed annually, providing potential for growth in income.
8. The manager's unit is valued at $570,000, providing a valuable asset for the owners.
9. The complex has a total of 160 units, with 82 units in the letting pool, providing potential for growth in the business.
10. The complex has a range of amenities, including a pool and tennis court, making it an attractive living option for tenants.

Management Rights Multiplier: 5.29
ROI Estimate: 14.12%