Brisbane City, Queensland

Great Permanent

SOLD

Business Description

A good life-style plus here. Very modern Hi-rise with permanent rentals within a few minutes walk to the Queen St mall. Building boasts a roomy 3 bedroom 2 bathroom 2 car space Managers apartment with large office attached and on title. Small garden and little outside work required. Plenty of storage. Friendly BC committee
Please contact Robert Collins Exclusive Agent in the first instance on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $179,162 Remuneration / Body Corp Salary: $83,161

Managers Unit

Value of Managers Apartment: $655,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 51Total Units in Letting Pool: 27Owner Occupy Units: 20Agreement Term Remaining: 19years years

Marketing Agent

Robert Collins

07 3299....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Modern hi-rise building with permanent rentals
2. Convenient location within walking distance to Queen St mall
3. Spacious 3 bedroom, 2 bathroom, 2 car space manager's apartment
4. Small garden and minimal outside work required
5. Plenty of storage space available
6. Friendly body corporate committee
7. Net profit of $179,162 and remuneration/body corp salary of $83,161
8. Manager's apartment valued at $655,000
9. Complex is a permanent type with 51 units, 27 in the letting pool and 20 owner-occupied
10. Agreement term remaining for 19 years.

Management Rights Multiplier: 5.19
ROI Estimate: 11.30%