Eight Mile Plains, Queensland

Forget the 9-5 - $140k Stress-Free Lifestyle Business With No Office Hours!

$1.398m - No Office Hours!

Business Description

Contact Agent for More Information

Business Summary

Business Snapshot

Price: $1.398m - No Office Hours! Net Profit: $140,000 Remuneration / Body Corp Salary: $106,000

Managers Unit

Value of Managers Apartment: $698,800Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 10Owner Occupy Units: 32Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

1. Business is priced at $1.398 million with a net profit of $140,000 and a remuneration/body corp salary of $106,000.
2. No office hours required, providing a stress-free lifestyle for the owner.
3. Manager's apartment is valued at $698,800 and has 3 bedrooms, 2 bathrooms, and 2 car spaces.
4. Complex is a permanent type with a total of 45 units, 10 of which are in the letting pool.
5. Majority of units (32) are owner-occupied, with only 3 units managed by outside agents.
6. Agreement term is for 25 years with 19 years remaining.

Management Rights Multiplier: 4.99
ROI Estimate: 20.03%