1 / 15 Simpsons Road, Currumbin Waters, Queensland

Currumbin Waters Permanent

$1,200,000

Business Description

Come and live in beautiful Currumbin. 7 Minutes to Palm Beach and Beach, 5 minutes to The pines shopping Centre, Currumbin RSL, great schools and 5 minutes to the M1 for easy access. Quite complex overlooking bushland.
Great BC Salary.
Could be run by one person.
The 3 bedroom Townhouse plus study is tastefully renovated and large with large bedrooms. Balconies overlook the bushland.
Long agreement and no office hours.
Good BC.
A must to inspect.
All the hard-work has been done with regards to tidying everything up. Virtually No lawns (a couple of patches here and there ). All rents are due to go up again by $100 per unit to bring it up to industry standards and the Salary has just gone up again by CPI. Its a must to inspect. Please Phone :

Kerrie Lush ---------- or email ----------

Business Summary

Business Snapshot

Price: $1,200,000 Net Profit: $129,000 Remuneration / Body Corp Salary: $111,000

Managers Unit

Value of Managers Apartment: $745,000Bedrooms: 4Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 9Owner Occupy Units: 30Outside Agent Units: 6Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Kerrie Lush

Ras360

Key Investment Insights

1. Located in the beautiful suburb of Currumbin with easy access to beaches, shopping centers, and schools.
2. The complex has a quiet and peaceful atmosphere, overlooking bushland.
3. Good Body Corporate salary and potential for one person to manage the complex.
4. The 3 bedroom townhouse is tastefully renovated with large bedrooms and balconies overlooking the bushland.
5. Long agreement with no office hours, providing flexibility for the manager.
6. Low maintenance with virtually no lawns to take care of.
7. Potential for increased rental income as rents are due to go up by $100 per unit.
8. The Body Corporate salary has recently increased by CPI.
9. The manager's unit is valued at $745,000 and has 4 bedrooms, 2 bathrooms, and 3 car spaces.
10. The complex is a permanent type with a total of 46 units, 9 of which are in the letting pool.
11. Majority of units are owner-occupied, providing stability for the complex.
12. The agreement term is 25 years with 22 years remaining.

Management Rights Multiplier: 3.53
ROI Estimate: 28.35%