Daisy Hill, Queensland

GREAT BODY CORPORATE SALARY

SOLD

Business Description

Conveniently located within walking distance to terrific shopping centres, this gated townhouse complex is worth your attention.

City buses right at the doorstep, quick access to the M1, just 20 minutes to Brisbane and 35 minutes to the Gold Coast. Walk to great schools such as John Paul College and St Edwards Catholic Primary.

An attractive Body Corporate renumeration of $126,000, with yearly 3% increases, in addition to a very healthy permanent letting pool income will see you achieving a solid return on your investment with this Management Rights business.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $237,000 Remuneration / Body Corp Salary: $126,000Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $418,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Two storey townhouse in a secure gated community

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 53Owner Occupy Units: 30Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Convenient location with easy access to major transportation routes and shopping centers.
2. Strong and consistent rental demand in the area.
3. Close proximity to reputable schools, making it an attractive option for families.
4. Attractive Body Corporate remuneration with yearly 3% increases.
5. Healthy permanent letting pool income, providing a solid return on investment.
6. Manager's unit is a spacious and secure two-storey townhouse within a gated community.
7. Complex is well-maintained with amenities such as a pool, BBQ area, and pay TV.
8. Agreement term remaining is 21 years, providing long-term stability for the business.
9. Opportunity for potential growth with 53 units in the letting pool and only 8 units managed by outside agents.
10. Pets are allowed in the manager's unit, providing flexibility for the manager's living arrangements.

Management Rights Multiplier: 5.49
ROI Estimate: 18.20%