Currimundi, Queensland

Close to the Hospital Precinct

SOLD

Business Description

Well presented and modern complex close to the Kawana Hospital precinct and only 5 minutes to the beach, with easy access to major roadways, schools, and shopping.
Body Corp pays a contractor to do the external hedges. Included in the figures is income from private garden maintenance along with income from the renting of storage areas.
An ideal work from home property for a couple or could be run by one person.

- Excellent BC salary of over $65k with annual increase of 3% minimum with 20 years to run.
- Well presented property
- Good net income of $105k and priced to sell.
- Beautifully presented 3 bed managers residence with double LU garage and office on title.
- Over 500m2 exclusive use storage area for Managers use

Business Summary

Business Snapshot

Price: SOLD Net Profit: $105,000 Remuneration / Body Corp Salary: $65,776Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $485,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Managers residence is a well presented 3 bedroom 2 level townhouse with the master bedroom upstairs and 2 bedrooms downstairs. Full laundry, spacious living/dining and office/reception attached on the title. There is a private courtyard and outdoor area along with a double lock up garage.

Complex Information

Complex Type: PermanentTotal Units in Complex: 53Total Units in Letting Pool: 21Owner Occupy Units: 22Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 years
Marketing Agent
Lindsay Petty
Lindsay Petty

Resort Management Sales

Resort Management Sales

Key Investment Insights

- The complex is located in a highly sought-after area, close to the Kawana Hospital precinct and only 5 minutes from the beach. This makes it an attractive option for potential tenants and ensures a high occupancy rate.

- The complex is well-maintained and presented, making it an attractive option for potential tenants. This also reduces the workload for the managers and ensures a good reputation for the complex.

- The business has a good net income of $105k and is priced to sell, making it an attractive option for potential buyers.

- The managers residence is a spacious and well-presented 3 bedroom townhouse with a private courtyard and double lock up garage. This provides a comfortable living space for the managers and adds value to the property.

- The complex has a large exclusive use storage area for the managers, providing additional income and convenience for the managers.

- The complex is a permanent letting complex, providing a stable and consistent income for the managers.

- The current body corporate salary is over $65k with a minimum annual increase of 3%. This provides a good source of income for the managers and ensures a stable financial future.

- The agreement module is accommodation, which is a popular and well-regarded module in the industry. This adds value to the business and makes it an attractive option for potential buyers.

- The agreement term is 25 years with 20 years remaining, providing long-term stability and security for the managers.

- The managers have the option to work from home, making it an ideal business for a couple or for one person to run. This adds flexibility and convenience for the managers.

- The body corporate pays for external hedge maintenance, reducing the workload for the managers and ensuring the complex is well-maintained.

- The business also generates additional income from private garden maintenance and renting of storage areas

Management Rights Multiplier: 4.19
ROI Estimate: 23.86%

Listing location

This Business is sold

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