Biggera Waters, Queensland

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

$1,400,000

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: $1,400,000 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

Key Insights:

1. The business for sale is a large modern 3 level terrace home on a double block, located close to Harbour Town shopping centre on the Gold Coast.

2. The complex offers many facilities including outlet retail shopping, quality dining, entertainment, and movie cinemas.

3. The complex is within a 10-minute drive to Griffith University and the Gold Coast University Hospital.

4. The complex is a small boutique with low BC fees, a pool, and an entertainment area.

5. The manager's double block terrace home features a large tandem garage, laundry, private courtyard, and additional parking for 3 cars.

6. The first floor of the manager's home consists of a large open plan kitchen, dining, and living areas with a huge private terrace for entertaining.

7. The second floor of the manager's home consists of 3 large bedrooms, all with built-in robes, and a fully ducted air conditioning system.

8. The manager's home also includes an on-title office.

9. The business for sale has 24 years agreements and does not require the manager to live onsite.

10. The business generates a rental income of $37,000, which is not included in the figures.

11. The price for the business is $1,400,000, with a net profit of $87,200 and a remuneration/body corp salary of $47,900.

12. The value of the manager's apartment is $1,000,000 and includes 3 bedrooms, 3 bathrooms, 4 car spaces, and is pet-friendly.

13. The complex is a permanent type with a total of 33 units, and 12 units in the letting pool.

14. The agreement module is accommodation, with a term of 25 years, and 24 years remaining.

15. The complex also includes a pool.

Management Rights Multiplier: 4.55
ROI Estimate: 6.29%