Deception Bay, Queensland

Realistic Vendor - Keen To Sell

SOLD

Business Description

• Great Location, close to all amenities, public transport and beaches
• Guaranteed body corporate salary, over 60% of the net profit
• 4 bedroom, good size manager unit
• No set office hours
• Easily managed permanent residential letting
• Strong rental demands and potentials to improve the letting pool

Business Summary

Business Snapshot

Price: SOLD Net Profit: $131,540 Remuneration / Body Corp Salary: $79,732Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $355,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 28Pool: Yes

Marketing Agent

Paul Wang

0488 68....

Jason Ke

0433 01....

Onsite Management Rights

Key Investment Insights

1. Great location with close proximity to amenities, public transport, and beaches.
2. High guaranteed body corporate salary, making up over 60% of the net profit.
3. Spacious 4 bedroom manager unit.
4. No set office hours, allowing for flexible management.
5. Strong demand for rentals and potential for growth in the letting pool.
6. Permanent residential letting, providing stability and consistent income.
7. Annual CPI body corporate salary review.
8. Manager's apartment valued at $355,000.
9. Complex consists of 60 units with 28 in the letting pool.
10. On-site pool for residents' use.

Management Rights Multiplier: 5.09
ROI Estimate: 19.63%