Calamvale, Queensland

Rare MR in Calamvale with 203K Net Profit!

SOLD

Business Description

• Great flexibility, no set office hours
• Not required to live onsite
• Minimal caretaking duties
• Body Corporate salary over half of the net profit
• Huge potential to expand the letting pool
• Walking distance to Calamvale Shopping Centre and Sunnybank Hills Shopping Town
• Handy location but in quiet street
• Very RARE opportunity in South side of Brisbane. Do not miss!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $203,288 Remuneration / Body Corp Salary: $141,313Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 88Total Units in Letting Pool: 33Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

Key Insights:

1. Great flexibility with no set office hours and not required to live onsite.
2. Minimal caretaking duties.
3. Body Corporate salary makes up over half of the net profit.
4. Huge potential to expand the letting pool.
5. Walking distance to popular shopping centers.
6. Convenient location in a quiet street.
7. Rare opportunity in the South side of Brisbane.
8. Managers unit valued at $600,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
9. Complex is permanent with 88 units and 33 in the letting pool.
10. Agreement module is standard with a remaining term of 19 years.
11. Pool is included in the complex.

Management Rights Multiplier: 5.90
ROI Estimate: 11.29%