Eight Mile Plains, Queensland

Located in Eight Mile Plains

SOLD

Business Description

• Fantastic location, close to all amenities
• Easily managed complex
• No fixed office hours
• Good guaranteed Body Corporate salary with CPI increase every year
• Highly sought after by tenants, with potentials to improve the rental pool
• 19 years remain on Management Rights agreements

Business Summary

Business Snapshot

Price: SOLD Net Profit: $143,177 Remuneration / Body Corp Salary: $75,436Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $480,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 52Total Units in Letting Pool: 29Agreement Term Remaining: 19 yearsPool: Yes

Marketing Agent

Paul Wang

0488 68....

Grace Pang

0423 39....

Onsite Management Rights

Key Investment Insights

1. Prime location near amenities.
2. Easy management of complex.
3. No fixed office hours.
4. Guaranteed body corporate salary with annual CPI increase.
5. High demand from tenants with potential for rental pool growth.
6. Long remaining term on management rights agreements.
7. Managers' unit valued at $480,000.
8. 3 bedrooms, 2 bathrooms, and 2 car spaces in managers' unit.
9. On-site office included.
10. Complex consists of 52 units.
11. 29 units in the letting pool.
12. 19 years remaining on management rights agreements.
13. On-site pool available for use.

Management Rights Multiplier: 5.17
ROI Estimate: 11.74%