Fortitude Valley, Queensland

Exceptional Netting $490K With High Remuneration in Brisbane CBD

$4,160,000

Business Description

• Motivated Vendors keen to sell
• Long term agreement, 24 years remaining
• Genuine high income, over 80% of the net income from BC salary.
• Perfectly nestled in Brisbane inner city, within walking distance to all amenities
• Easy access to major motorways & airport
• Immaculate Manager residence with a separate office unit
• Potentials to increase lettings, super easy to find tenants

Business Summary

Business Snapshot

Price: $4,160,000 Net Profit: $490,000 Remuneration / Body Corp Salary: $396,525Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 232Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. Motivated vendors are keen to sell the business.
2. Long term agreement with 24 years remaining provides stability for potential buyers.
3. High net income with over 80% coming from body corporate salary.
4. Convenient location in Brisbane's inner city with easy access to amenities.
5. Potential for growth by increasing lettings and finding tenants.
6. Immaculate manager's residence with a separate office unit.
7. Easy access to major motorways and the airport.
8. Complex has desirable amenities such as a pool, gym, and BBQ area.
9. The manager's apartment has a high value of $1,000,000.
10. The complex is a permanent type with 232 units.
11. The agreement module is accommodation with a term of 25 years.
12. The body corporate salary is reviewed annually with CPI.

Management Rights Multiplier: 6.45
ROI Estimate: 15.51%