Corinda, Queensland

Long Term Ideal Permanent Management Rights With Ease

Offers above $1,023,500

Business Description

• Ideal starter for the first time manager, one operator, semi-retirees or bolt on
• Part time workload, manage with ease
• Long term agreement with 23 years remaining
• Perfect location, close to all amenities, within top school catchment,
• Additional dedicated parking for manager unit
• Home office plus storage area

Business Summary

Business Snapshot

Price: Offers above $1,023,500 Net Profit: $84,936 Remuneration / Body Corp Salary: $55,108Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 34Total Units in Letting Pool: 9Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes
Marketing Agent
Greg Yang
Greg Yang

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. Ideal starter opportunity for first time manager, semi-retirees or those looking to bolt on to an existing business.
2. Part-time workload makes it easy to manage.
3. Long term agreement with 23 years remaining provides stability and security.
4. Perfect location with close proximity to amenities and top school catchment.
5. Additional dedicated parking for manager's unit.
6. Includes a home office and storage area for added convenience.
7. Offered at a competitive price of over $1 million.
8. Net profit of $84,936 and remuneration/body corp salary of $55,108.
9. Body corp salary review is CPI annually.
10. Manager's apartment valued at $720,000 and includes 3 bedrooms, 2 bathrooms, and 3 car spaces.
11. Complex is a permanent type with 34 units in total and 9 in the letting pool.
12. Agreement module is accommodation with a 25-year term and 23 years remaining.
13. Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 9.18
ROI Estimate: 10.89%

Listing location
Gallery

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