Boronia Heights, Queensland

Solid Investment - Motivated Vendor

SOLD

Business Description

• In a prime location, close to all amenities
• Strong rental demand
• Most investor owners are from interstates
• Easily managed complex
• Standard alone 4 bedroom manager unit
• 21 years remain on Management Rights agreements
• No fixed office hours

Business Summary

Business Snapshot

Price: SOLD Net Profit: $143,525 Remuneration / Body Corp Salary: $62,023Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $488,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 42Total Units in Letting Pool: 37Agreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Marketing Agent

Paul Wang

0488 68....

Onsite Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business is located in a highly desirable location with easy access to amenities.
2. The rental demand for the complex is strong, making it a solid investment opportunity.
3. Most of the current owners are from interstate, indicating a high level of interest from investors.
4. The complex is easily managed, making it an attractive option for potential buyers.
5. The manager's unit is a standard standalone 4 bedroom unit, providing comfortable living for the manager.
6. The management rights agreements have 21 years remaining, providing long-term stability for the business.
7. The business has no fixed office hours, allowing for flexibility and work-life balance for the manager.
8. The net profit for the business is $143,525, making it a profitable investment opportunity.
9. The remuneration/body corp salary is $62,023 and is reviewed annually, providing potential for growth.
10. The manager's apartment has a value of $488,000 and includes 4 bedrooms, 2 bathrooms, and 2 car spaces.
11. The complex has a total of 42 units, with 37 units in the letting pool.
12. The management agreement term is 25 years, with 21 years remaining.
13. The complex has a pool, providing additional amenities for residents.

Management Rights Multiplier: 4.96
ROI Estimate: 11.96%