Benowa, Queensland

Prime Central Gold Coast Permanent

SOLD

Business Description

A generous body corporate salary with 5% annual increases.

An extremely popular permanent central Gold Coast gated townhouse complex boasting an excellent location with a short walk to school, TAFE, shopping, parks, public transport and golf courses.

Manager’s residence features 3 double bedrooms, large private courtyard and office attached.

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

Exclusive Agency. Talk to us now.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $131,600 Remuneration / Body Corp Salary: $89,850Business Value: $677,000Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $485,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Roomy Townhouse in a quite gated Community

Complex Information

Complex Type: PermanentTotal Units in Complex: 50Total Units in Letting Pool: 19Owner Occupy Units: 26Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesPay TV: Yes

Other Features / Notes

Gated Townhouse Complex, Pool, BBQ,

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Popular permanent gated townhouse complex in a central location on the Gold Coast.
2. Short walking distance to schools, TAFE, shopping, parks, public transport, and golf courses.
3. Generous body corporate salary with 5% annual increases.
4. Manager's residence features 3 double bedrooms, large private courtyard, and attached office.
5. Business owner is satisfied and has been running the business for a long time.
6. Exclusive agency for the sale of the business.
7. Net profit of $131,600.
8. Remuneration/Body Corp Salary of $89,850.
9. Fixed % body corp salary review.
10. Manager's unit has a value of $485,000.
11. Unit has 3 bedrooms, 3 bathrooms, and 2 car spaces.
12. Office is included on title.
13. Pets are allowed in the unit.
14. Complex is of the permanent type.
15. Total of 50 units in the complex.
16. 19 units are in the letting pool.
17. 26 units are owner-occupied.
18. 4 units are managed by outside agents.
19. 1 manager unit.
20. Agreement module is accommodation.
21. Agreement term is 25 years.
22. Agreement term remaining is 18 years.
23. Complex has a pool and BBQ area.
24. Other features include a gated entrance and pay TV.

Management Rights Multiplier: 5.14
ROI Estimate: 11.33%