Key Investment Insights
1. Ideal first complex for someone looking to enter the management rights industry or a great addition to an existing portfolio.
2. Boasts of both an internal letting pool and a growing external property management business.
3. Clean and tidy complex built in 2004 with a modern style swimming pool.
4. Manager's unit is a 3 bedroom, 2 bathroom with 2 car spaces, perfect for running a business.
5. Located just 5 minutes from The Gabba, cafes, shops, and Coles.
6. Easy access to public transportation with a bus-stop right at the doorstep.
7. Income of $100,000 with a reduced multiplier P&L done by a recognized MR accountant.
8. All reasonable offers will be considered.
9. Contact Agent Robert Collins for more information.
10. Business snapshot includes price, net profit, and remuneration/body corp salary.
11. Manager's unit is valued at $650,000 and has 3 bedrooms, 2 bathrooms, and 2 car spaces.
12. Complex is permanent with a total of 41 units, 15 of which are in the letting pool.
13. Agreement term is 25 years with 17 years remaining.
Management Rights Multiplier: 3.00
ROI Estimate: 33.33%