Calamvale, Queensland

3x Multiplier! Permanent MLR - Solid Investment Opportunity | Resort Brokers ID : MR008231

$800,000

Business Description

ResortBrokers presents a solid investment opportunity in the high-demand Calamvale, Brisbane South Side. This well-established modern townhouse complex operates under a 25-year Caretaking and Letting Agreement, with over 21 years remaining (successfully topped up).

Minimal caretaking required, with a strong Body Corporate salary accounting for over 86% of the net profit. The Manager's Unit features three bedrooms, a large study (potential 4th bedroom), two bathrooms, a double garage, and a separate office attached with separate entrance. Potential for significant growth by converting units managed by outside agents back into the onsite letting pool.

This management rights presents a solid business suitable for a first-time buyer looking to secure a low maintenance business with stable income or a savvy operator to run as a side business. Or may also be suitable for buyers who has family commitment and looking to purchase a good quality modern property in the ever popular south side area of Brisbane - Calamvale, whilst enjoying a solid additional income.

It's an exciting opportunity for the astute buyer, so reach out with your inquiries promptly to avoid missing out.

- Easy to run with minimal caretaking duties for a single operator
- Strong Body Corporate salary accounting for over 86% of the total net profit
- Long agreement terms - 21 years
- No set office hours
- A well-established complex with minimal caretaking required and all necessary maintenance equipment provided by the body corporate.
- The manager's unit features three bedrooms, a large study, two bathrooms, a double garage and a separate office on title.
- Potential for significant growth in the bottom line by converting units managed by outside agents back into the onsite letting pool.
- Conveniently located within a short drive to local amenities and enjoys 100% occupancy with a long waitlist. Located in highly sought-after southside area with high rental demand
- Inspection by appointment only
Date updated: 09 Jun 2024 23:00:15

Business Summary

Business Snapshot

Price: $800,000 Net Profit: $55,747 Remuneration / Body Corp Salary: $47,995

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 8Owner Occupy Units: 19Outside Agent Units: 11Agreement Term Remaining: 22 years
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