Carseldine, Queensland

Beautiful North Side Complex - URGENT SALE

$249.9 MR & $720k Unit = Total $969.9k

Business Description

Prime Management Rights Opportunity in Carseldine

Fantastic complex being offered for the first time in six years—a must-see for any savvy investor. Bank vauation at $1.05M. This property features a beautiful townhouse with 4 bedrooms, 2.5 bathrooms, and a multipurpose room.

- Business Price: $249,999
- Town House Price: $720,000
- Total Price: $969,999
- Income: $129,035

The complex is designed for easy upkeep and low maintenance, making it an attractive option for investors looking for efficiency.

Situated in Carseldine, a vibrant suburb in Queensland known for its convenient amenities, excellent schools, and beautiful parks, this complex benefits from a prime location that attracts consistent demand.

Don’t miss this golden opportunity! Please contact us to arrange an inspection.

**Ras 360 Property Solutions - Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $249.9 MR & $720k Unit = Total $969.9k Net Profit: $129,035 Remuneration / Body Corp Salary: $96,137

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 4Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 13Owner Occupy Units: 42Outside Agent Units: 13Agreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent

Robert Collins

0404 67....

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

1. Prime management rights opportunity in a highly sought-after location.
2. Bank valuation at $1.05M, offering a great investment opportunity.
3. Low maintenance and easy upkeep complex, making it an efficient investment.
4. Located in Carseldine, a vibrant suburb with convenient amenities and excellent schools.
5. Consistent demand for the complex due to its prime location.
6. Business price of $249,999 and townhouse price of $720,000, with a total price of $969,999.
7. Net profit of $129,035 and remuneration/body corp salary of $96,137.
8. Manager's unit valued at $720,000 with 4 bedrooms, 2 bathrooms, and 2 car spaces.
9. Permanent complex with 68 units, 13 of which are in the letting pool.
10. 10-year agreement term with 10 years remaining.

Management Rights Multiplier: 1.94
ROI Estimate: 51.61%