Coomera, Queensland

Caretaking Only

SOLD

Business Description

No real estate licence required for caretaking role.

28 villas and a pool with a Body Corporate salary of $82,000.

Profit upside should a letting business be re-established.

Conveniently located close to the river, Dreamworld, school, shops and Coomera Town Centre, you will be impressed with this business.

A large, comfortable, 4 bedroom, manager’s villa with fully fenced backyard is yours should you elect to live onsite. Otherwise rent it out.

This is a straight forward, profitable and easily managed business. Reap the rewards now!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $80,000 Remuneration / Body Corp Salary: $80,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $399,000Bedrooms: 4Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Rent it out, or take advantage of this large villa. 4 Bedrooms and a large fully fenced back yard

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Owner Occupy Units: 10Outside Agent Units: 17Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. No real estate license is required for the caretaking role.
2. The business consists of 28 villas and a pool, with a Body Corporate salary of $82,000.
3. There is potential for increased profits if a letting business is re-established.
4. The location of the business is convenient, with close proximity to the river, Dreamworld, school, shops, and Coomera Town Centre.
5. The manager's villa is a spacious 4 bedroom unit with a fully fenced backyard, which can be rented out or used as on-site accommodation.
6. The business is straightforward, profitable, and easily managed.
7. The manager's apartment has a value of $399,000.
8. The complex is a permanent residential complex with 28 units, 10 of which are owner-occupied and 17 are managed by outside agents.
9. The agreement module is Accommodation, with a term of 25 years and 22 years remaining.
10. The complex features a pool and pay TV.

Management Rights Multiplier: 5.00
ROI Estimate: 20.00%