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: $89,850Body 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: 19Permanent Units: 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,

Key Investment Insights

1. The business is located in a prime central location on the Gold Coast, with easy access to schools, TAFE, shopping, parks, public transport, and golf courses.
2. The complex is a popular gated townhouse community with a total of 50 units, 19 of which are in the permanent letting pool.
3. The manager's residence is a spacious 3-bedroom townhouse with a large private courtyard and an attached office.
4. The business has a generous body corporate salary with 5% annual increases.
5. The current owner has been running the business for a long time and is now looking to sell.
6. The complex is managed under an accommodation agreement module with a remaining term of 18 years.
7. The manager's unit has a value of $485,000 and is pet-friendly.
8. The complex features a pool and BBQ area for residents to enjoy.
9. The business has a net profit of $131,600.
10. The complex is a mix of permanent and owner-occupied units, with only 4 units managed by outside agents.
11. The business is being sold through an exclusive agency.

Management Rights Multiplier: 5.14
ROI Estimate: 19.44%

Listing location
Gallery

This Business is sold

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