East Brisbane REGION

KING OF TOWNHOUSE COMPLEXES

SOLD

Business Description

You want BIG?

Profits around $550,000 and Body Corporate Salary of over $350,000 this Brisbane Management Rights business is worth your attention!

Situated in a prime location this modern townhouse permanent letting business has long terms remaining on management agreements.

A comfortable and very spacious three bedroom, two level, manager’s townhouse has office on title.

Enquire with us now before this goes!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $547,000 Remuneration / Body Corp Salary: $353,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 3Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 123Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesPay TV: Yes

Key Investment Insights

Key Insights:

1. Profitability: The business has a strong track record of generating profits, with an annual net profit of $547,000. This makes it an attractive investment opportunity for potential buyers.

2. High Body Corporate Salary: The business also offers a high Body Corporate Salary of over $350,000, providing a steady stream of income for the manager.

3. Prime Location: The business is situated in a prime location, which is likely to attract a high demand for rental properties. This can lead to a stable and consistent rental income for the business.

4. Long-Term Agreements: The management agreements for the business have long terms remaining, providing stability and security for the new owner.

5. Spacious Manager's Townhouse: The manager's townhouse is a comfortable and spacious three bedroom, two level property with an office on title. This provides a convenient and comfortable living space for the manager.

6. Potential for Growth: With 123 units in the letting pool, there is potential for growth and expansion of the business. This could lead to increased profits and a higher Body Corporate Salary.

7. Accommodation Agreement Module: The business operates under an Accommodation Agreement Module, which provides flexibility and potential for increased income for the manager.

8. Long-Term Agreement Term: The business has a long-term agreement term of 25 years, with 22 years remaining. This provides stability and security for the new owner.

9. Amenities: The complex offers amenities such as a pool and pay TV, which can be attractive to potential tenants and contribute to a high occupancy rate.

10. Pet-Friendly: The complex is pet-friendly, which can be appealing to potential tenants and increase the demand for rental properties.

Management Rights Multiplier: 5.80
ROI Estimate: 17.26%

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This Business is sold

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