Brisbane City, Queensland

Heart of the City MR

SOLD

Business Description

This is a little gold mine with minimal work and right in the middle of everything.
Please contact Robert Collins Exclusive Agent on ---------- or ---------- an inspection.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $158,500 Remuneration / Body Corp Salary: $79,751

Managers Unit

Value of Managers Apartment: $409,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 53Total Units in Letting Pool: 38Owner Occupy Units: 7Agreement Term Remaining: 23 years years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. Highly profitable business with a net profit of $158,500 and a remuneration/body corp salary of $79,751.
2. Prime location in the heart of the city, making it easily accessible and convenient for residents.
3. Minimal work required, making it a low-maintenance and potentially hands-off investment opportunity.
4. Manager's apartment has a value of $409,000 and features 2 bedrooms.
5. Complex is a permanent type with a total of 53 units, 38 of which are in the letting pool.
6. High occupancy rate with only 7 owner-occupied units.
7. Long agreement term remaining of 23 years, providing stability and security for the business.
8. Exclusive agent Robert Collins available for contact for further information and inspection.

Management Rights Multiplier: 4.90
ROI Estimate: 20.43%

Listing location
Gallery

This Business is sold

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