Coombabah, Queensland

SUPERIOR HOME WITH INCOME

SOLD

Business Description

Need some space? There’s room for all the family in this expansive 214 sqm luxury villa. Alternatively, for the semi-retired, plenty of free time to put your feet up or to pursue other business or interests and still have an income.

No set hours. Long Agreements. Gallery Vie provision. Separate office on title. Upmarket rentals to attract quality tenants.

A secure gated estate with a superb pool and the advantage of minimal grounds maintenance.

Convenient with bus at door, stroll to local retail and schools easy access to Harbour Town, Runaway Bay and the beautiful Gold Coast broadwater all nearby.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $60,000 Remuneration / Body Corp Salary: $44,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $510,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Expansive 214 sqm luxury villa.

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Total Units in Letting Pool: 11Owner Occupy Units: 14Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: Yes

Marketing Agent

Rhonda Perkins

Property Bridge

Key Investment Insights

1. Spacious luxury villa with 3 bedrooms and 3 bathrooms, perfect for a large family or for semi-retired individuals looking for extra space.
2. Opportunity for additional income through renting out the separate office on title.
3. Long agreements and minimal grounds maintenance, providing a secure and low-maintenance lifestyle.
4. Convenient location with easy access to public transportation, local retail, schools, and popular Gold Coast attractions.
5. Attractive rental rates to attract high-quality tenants.
6. Secure gated estate with a superb pool for residents to enjoy.
7. Business has no set hours, allowing for flexibility and the ability to pursue other interests or businesses.
8. Gallery Vie provision in place for added security and stability.
9. Manager's unit valued at $510,000, providing a comfortable and luxurious living space.
10. Complex is a permanent accommodation type with 28 total units, 11 of which are in the letting pool.
11. 20 years remaining on the 25-year agreement term.
12. Additional amenities such as pay TV and pet-friendly policies make this complex attractive to potential tenants.

Management Rights Multiplier: 3.67
ROI Estimate: 27.27%