Doolandella, Queensland

Doolandella little Gem

SOLD

Business Description

A two year old complex with all the hard work done Easily run by one person and designed and built by Philip Usher Close to all facilities.
You will not be disappointed. All gardening, smoke alarms' and P&L are documented on the Form 6
Unit $469,000
Business $611,000
Total $1,08,000
Income $133,117
Please contact Robert Collins Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $133,117 Remuneration / Body Corp Salary: $46,679

Managers Unit

Value of Managers Apartment: $469,000Bedrooms: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 38Owner Occupy Units: 1Agreement Term Remaining: 23 years years

Marketing Agent

Robert Collins

07 3299....

Ras360

Key Investment Insights

1. Two-year-old complex with all the hard work already done.
2. Can be easily managed by one person.
3. Designed and built by Philip Usher.
4. Close to all facilities.
5. All gardening, smoke alarms, and P&L are documented on the Form 6.
6. Business includes a net profit of $133,117.
7. Managers unit valued at $469,000.
8. Complex is of permanent type with a total of 40 units.
9. 38 units are in the letting pool.
10. Only 1 unit is owner-occupied.
11. Agreement term remaining for 23 years.
12. Total price for the business and unit is $1,080,000.

Management Rights Multiplier: 4.59
ROI Estimate: 12.33%