Fortitude Valley, Queensland

Fortitude Valley Management Right.

$2,339,000

Business Description

A truly great complex in a superb location. Large modern Man. unit with large air con office on title. Ample car space and lock up garage. Close to everything. Very little work. This is not maxed out, there is room for good growth. on Unit.Valuations have been carried out as well as income verification. Please contact Robert Collins Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: $2,339,000 Net Profit: $278,229 Remuneration / Body Corp Salary: $177,450

Managers Unit

Value of Managers Apartment: $729,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 31Holiday Units: 31Owner Occupy Units: 56Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Robert Collins

RAAS Property Group

Key Investment Insights

Key Insights:
- The complex is located in a highly desirable area, making it an attractive investment opportunity.
- The manager's unit is modern and spacious, with a large office on title and ample parking space.
- There is potential for growth as the complex is not yet maxed out, providing room for expansion and increased profits.
- Valuations and income verification have been carried out, providing assurance for potential buyers.
- The complex consists of a mix of permanent and holiday units, providing a diverse income stream.
- The management agreement has a long term remaining, providing stability for the new owner.
- The net profit and remuneration/body corp salary are both strong, indicating a profitable and well-managed complex.

Management Rights Multiplier: 5.79
ROI Estimate: 17.28%