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: $80,000Business Value: $400,000Body 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 licence required for caretaking role.
2. 28 villas and a pool with a Body Corporate salary of $82,000.
3. Potential for increased profit if a letting business is re-established.
4. Convenient location near popular attractions and amenities.
5. Includes a large, comfortable 4 bedroom manager's villa with fully fenced backyard.
6. Straightforward, profitable, and easily managed business.
7. Opportunity to rent out the manager's villa if not living on site.
8. Annual CPI review for Body Corporate salary.
9. Manager's villa valued at $399,000.
10. 4 bedrooms and a large fully fenced backyard in the manager's villa.
11. Permanent complex with 28 units.
12. 10 owner-occupied units and 17 units managed by an outside agent.
13. Accommodation agreement module with a remaining term of 22 years.
14. Amenities include a pool and pay TV.

Management Rights Multiplier: 5.00
ROI Estimate: 10.01%