Calamvale, Queensland
Fantastic business opportunity on the Southside!!
SOLD
Business Description
Small Complex offers a fantastic business opportunity on the Southside!!
Conveniently situated on Brisbane's South side, close to the best of everything, including, Sunnybank Plaza, Market Square, Sunnybank Hills and Calamvale Central Shopping Centre ….
* Short walking to bus stop 131 to City directly & 130 to Sunnybank, City
* Walking distances to Algester State School, St Stephens School and Calamvale Community College
* Easy access to Beaudesert Road, Logan Road Motorway, M2 Motorway, Sport Centres, swimming
pool, Golf Club, all are just minutes away
• Strong rental area and very popular for renters,
• Very well run complex, all procedures documented
• Long agreement - still 22 years left on agreement
• Body Corporate supportive
• A good manager remuneration $40,200 with annual adjustment of CPI
• Three bedrooms, two bathrooms manager residences, extra toilet downstairs with single garage,
• Spacious attached office, no set office hours
If you want to buy a good business in a great location, this one it ticks all your boxes, please book your
inspection immediately with exclusive agent or NEXT team!
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $67,254 Remuneration / Body Corp Salary: $40,200Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $450,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 14Permanent Units: 14Outside Agent Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22.5 Years yearsPool: Yes
Key Investment Insights
1. Convenient location on Brisbane's Southside, close to popular shopping centers and amenities.
2. Strong rental area, making it popular for renters.
3. Well-managed complex with documented procedures.
4. Long agreement with 22 years remaining.
5. Supportive Body Corporate.
6. Manager remuneration of $40,200 with annual CPI adjustment.
7. Manager's residence with 3 bedrooms, 2 bathrooms, and a single garage.
8. Spacious attached office with no set office hours.
9. Sold for $450,000.
10. Net profit of $67,254.
11. Permanent complex with 14 units in the letting pool.
12. Outside agent units make up 3 units in the complex.
13. Accommodation agreement module with 25 years term.
14. On-site pool available for residents.
Management Rights Multiplier: 3.72
ROI Estimate: 26.90%
