Hamilton, Queensland

WONDERFUL WATERFRONT HIGH-RISE

SOLD

Business Description

A stunning, absolute riverfront location featuring Brisbane city views, offering an excellent array of services at your door step. Located just north of Brisbane’s CBD in a vibrant up-market precinct offering excellent lifestyle options.

Brand new 25 year management agreements, coupled with a handsome salary of $179,000 contribute to ensure a very attractive business offering.

A near new two bedroom manager’s apartment is the icing on the cake with this terrific and extremely profitable business now on the market.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $355,000 Remuneration / Body Corp Salary: $179,000Business Value: $2,052,000Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 162Total Units in Letting Pool: 70Owner Occupy Units: 77Outside Agent Units: 14Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesGym: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Stunning, absolute riverfront location with Brisbane city views.
2. Vibrant up-market precinct offering excellent lifestyle options.
3. Brand new 25 year management agreements.
4. Handsome salary of $179,000.
5. Near new two bedroom manager's apartment.
6. Extremely profitable business.
7. Net profit of $355,000.
8. Body corp salary review is a fixed percentage.
9. Manager's apartment valued at $650,000.
10. 162 total units in complex.
11. 70 units in the letting pool.
12. 77 owner-occupied units.
13. 14 outside agent units.
14. 1 manager unit.
15. Accommodation agreement module.
16. 25 years remaining on agreement term.
17. Amenities include pool, gym, BBQ area, and pay TV.

Management Rights Multiplier: 5.78
ROI Estimate: 13.14%