Eight Mile Plains, Queensland

Eight Mile Plains Complex

SOLD

Business Description

This is an up market complex with all the improvements to income still available. It will pass all examination A selection of photographs are available as well as a total I M and Valuation report from Australian Valuers. No reasonable offer will be refused. Please contact Exclusive Agent Robert Collins by emailing ---------- ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $279,536 Remuneration / Body Corp Salary: $169,534

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 124Total Units in Letting Pool: 48Owner Occupy Units: 76Agreement Term Remaining: 20 /16Years years
Marketing Agent
Robert Collins
Robert Collins

RAAS Property Group

RAAS Property Group

Key Investment Insights

1. The business is an upmarket complex with potential for increased income.
2. The asking price for the business is negotiable.
3. The complex has a net profit of $279,536.
4. The remuneration/body corp salary is $169,534.
5. The managers unit is valued at $520,000 and has 4 bedrooms.
6. The complex is a permanent type with a total of 124 units.
7. 48 units are currently in the letting pool.
8. 76 units are owner-occupied.
9. The agreement term remaining is 20/16 years.
10. A selection of photographs and a total I M and Valuation report are available for interested parties.

Management Rights Multiplier: 5.22
ROI Estimate: 19.15%

Listing location
Gallery

This Business is sold

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