Bundall, Queensland

THE WISHLIST? Tick, tick, tick

SOLD

Business Description

Classy waterfront permanent in Gold Coast city heart.

Secure long agreement with substantial salary.

Mixture of one, two and three bedroom for flexibility.

Impressive facilities to attract quality tenants.

Super sized and super private 3 bedroom townhouse.

Two living areas, double car space and spacious office on title.

Walk to beach, HOTA and cafe culture with bus at the door.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $189,000 Remuneration / Body Corp Salary: $91,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $565,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Huge 175 sqm townhouse, 2 levels, 2 living areas. Massive deck, Balcony, Very Private

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 43Owner Occupy Units: 19Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesGames Room: YesBBQ Area: YesPay TV: YesMarina Berth: Yes

Marketing Agent

Rhonda Perkins

Property Bridge

Key Investment Insights

1. Classy waterfront permanent in Gold Coast city heart.
2. Secure long agreement with substantial salary.
3. Mixture of one, two and three bedroom for flexibility.
4. Impressive facilities to attract quality tenants.
5. Super sized and super private 3 bedroom townhouse.
6. Two living areas, double car space and spacious office on title.
7. Walking distance to beach, HOTA and cafe culture.
8. Bus stop at the door for easy transportation.
9. Net profit of $189,000.
10. Remuneration/Body Corp Salary of $91,000.
11. Annual CPI body corp salary review.
12. Manager's apartment valued at $565,000.
13. 3 bedrooms, 2 bathrooms, and 2 car spaces in the manager's unit.
14. Office on title for convenience.
15. Pet-friendly complex.
16. Permanent complex with 66 units.
17. 43 units in the letting pool.
18. 19 owner-occupied units.
19. 3 outside agent units.
20. Accommodation agreement module.
21. 25-year agreement term with 23 years remaining.
22. On-site amenities including pool, spa, sauna, games room, BBQ area, pay TV, and marina berth.

Management Rights Multiplier: 5.00
ROI Estimate: 20.00%