Biggera Waters, Queensland

Large Modern 3 Level Terrace Home on a Double Block!!

Under Contract / Offer

Business Description

Large Modern 3 Level Terrace Home on a Double Block!!

A complex located close to Harbour Town shopping centre that offers many facilities including outlet retail shopping, quality dining, with entertainment and movie cinemas. Within only approximately a 10 minute drive to Griffith University and the Gold Coast University Hospital.

A small boutique complex with low BC fees, a pool with an entertainment area, and the convenience of being close to one of the bigger shopping precincts on the Gold Coast. Images might not depict this complex.

On offer: 24 years agreements, no fixed hours, no need to live onsite, $37,000 rental income not included in figures.

Manager's double block terrace home features include; Ground floor with a large tandem garage, laundry & lots of storage, fully fenced private courtyard and additional parking for 3 cars. The first floor consists of a large open plan kitchen, dining & living areas with a huge private terrace for entertaining and powder room. The second floor consists of 3 large bedrooms all with built in robes, the master bedroom with a beautifully appointed ensuite, fully ducted air conditioning with ceiling fans in all bedrooms. All this and an on title office.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $88,000 Remuneration / Body Corp Salary: $49,900

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 3Bathrooms: 3Car Spaces: 4Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 12Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location close to Harbour Town shopping centre, with outlet retail, dining and cinemas, approximately 10 minutes drive to Griffith University and Gold Coast University Hospital.
2. Boutique permanent complex of 33 units, 12 units in the letting pool, low body corporate fees.
3. Long-standing agreement structure, 25 year agreement term with approximately 24 years remaining.
4. Manager role flexible, no fixed hours and no requirement to live onsite.
5. Manager’s remuneration/body corp salary reported at $49,900, net profit $88,000.
6. Additional rental income of $37,000 noted as not included in the figures, implying further upside.
7. Manager’s double-block, modern three-level terrace home valued at $1,000,000, included as a managers apartment.
8. Manager’s residence layout: ground floor large tandem garage, laundry and storage, fully fenced private courtyard and parking for three additional cars.
9. First floor open-plan kitchen, dining and living with a huge private terrace for entertaining, plus a powder room.
10. Second floor three large bedrooms with built-in robes, master with ensuite, fully ducted air conditioning and ceiling fans in all bedrooms.
11. Property includes on-title office and is pet friendly.
12. Complex amenities include a pool with an entertainment area, adding amenity appeal for guests and owners.

Management Rights Multiplier: 4.55
ROI Estimate: 6.29%