Beautiful North Side Complex - URGENT SALE

Key Investment Insights

AI generated. Confirm details with the seller.

1. Vendor open to offers from $969,000, comprising business price $249,999 and managers townhouse valued at $720,000.
2. Net profit reported at $129,035, with remuneration/body corporate salary of $96,137, indicating strong cash flow to operators.
3. Bank valuation of $1.05M provides third‑party valuation support above the vendor’s asking price.
4. Managers unit is a four‑bedroom, 2.5‑bathroom townhouse with two car spaces, included in the sale and valued at $720,000.
5. Complex is permanent type with 68 total units, offering scale and stability in resident base.
6. Letting pool comprises 13 units, with 42 owner‑occupied units and 13 units managed by outside agents, implying limited direct letting competition.
7. Management agreement term is 10 years, with the full 10 years remaining, providing long‑term income security.
8. Property presented as low maintenance and easy upkeep, reducing operational overhead and management complexity.
9. First time offered in six years, signalling a rare market opportunity for buyers seeking management rights in the area.
10. Located in Carseldine, Queensland, a suburb noted for convenient amenities, strong schools and parks, supporting consistent demand for accommodation.

Management Rights Multiplier: 1.93
ROI Estimate: 13.32%