Chermside, Queensland

NO REAL ESTATE TO BUY

SOLD

Business Description

No real estate to purchase.

One year old midrise apartments in the heart of Chermside.

24 year term remaining on agreements managing a contemporary and low maintenance building.

No Pool or office hours.

Fantastic location. Walk to Prince Charles Hospital and public transport. Residents enjoy close proximately to Westfield Chermside.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $69,000 Remuneration / Body Corp Salary: $29,000Body corp salary review: CPI Annually

Managers Unit

Pets OK: Yes

No Unit to Buy

Complex Information

Complex Type: PermanentTotal Units in Complex: 31Total Units in Letting Pool: 23Owner Occupy Units: 4Outside Agent Units: 1Lockup Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Prime location in the heart of Chermside, with close proximity to public transport, hospitals, and shopping centers.
2. One year old contemporary and low maintenance building.
3. Long term agreements with 24 years remaining.
4. No pool or office hours, allowing for low maintenance and flexible management.
5. Pets are allowed in the complex.
6. 23 units in the letting pool, with potential for growth.
7. Permanent accommodation agreement module.
8. Body corp salary review annually.
9. No unit to buy for the managers.
10. Potential for additional income through outside agent units and lockup units.