Everton Hills, Queensland

Well run North Side Complexes

$1,745,000

Business Description

These two complexes are within sight of each other.
There is only one home to buy and it is a well appointed one with a great back yard.
There are three generous bedrooms and a 2.5 bathrooms. Office is on title.
This is a great place to live and bring up a family.
Home is $795,000
Business is $959,000
Income is $181,000
Total is $1,745.000
Please contact Exclusive Agent Robert Collins on ---------- or ----------

Business Summary

Business Snapshot

Price: $1,745,000 Net Profit: $181,000 Remuneration / Body Corp Salary: $84,960

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 3Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 31Owner Occupy Units: 24Outside Agent Units: 11Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

Key insights:

1. Two well-run complexes located near each other are for sale.
2. The home for sale is a well-appointed, spacious property with a great backyard.
3. The home has three generous bedrooms, 2.5 bathrooms, and an office on title.
4. The area is described as a great place to live and raise a family.
5. The home is listed at $795,000 and the business is listed at $959,000.
6. The total income for the complexes is $181,000.
7. The total price for both the home and business is $1,745,000.
8. The business is managed by an exclusive agent, Robert Collins.
9. The business has a net profit of $181,000 and a remuneration/body corp salary of $84,960.
10. The manager's unit, valued at $795,000, has three bedrooms, two bathrooms, and three car spaces.
11. The complexes are permanent residential complexes with a total of 66 units.
12. 31 units are in the letting pool, 24 are owner-occupied, and 11 are managed by outside agents.
13. The agreement term for the complexes is 25 years, with 21 years remaining.

Management Rights Multiplier: 5.25
ROI Estimate: 19.05%

Listing location
Gallery

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