Helensvale, Queensland

Growth Opportunities

SOLD

Business Description

Healthy Body Corporate salary.

Plenty of opportunity for a smart operator to significantly improve income, given the number of outside agents currently letting properties within the complex.

Free standing 3 Bedroom, 4 car managers residence offered within this popular gated community.

Well located within proximity to major shopping centre and M1 highway.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $124,000 Remuneration / Body Corp Salary: $96,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes

Free standing house

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 19Permanent Units: 19Owner Occupy Units: 48Outside Agent Units: 24Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: YesFunction Facilities: Yes

Other Features / Notes

Free standing Manager's residence with private yard and 4 car spaces

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Significant potential for increased income through managing more properties within the complex.
2. Desirable location near major shopping center and highway.
3. Free standing 3 bedroom, 4 car manager's residence included in sale.
4. Healthy body corporate salary with annual CPI increases.
5. Opportunity for an experienced operator to improve and grow the business.
6. Complex consists of 92 units, with 19 currently in the letting pool.
7. Permanent complex with 19 permanent units and 48 owner-occupied units.
8. 24 outside agent units provide potential for growth.
9. Accommodation agreement module with 18 years remaining.
10. On-site amenities including pool, BBQ area, and function facilities.
11. Private yard and 4 car spaces included with manager's residence.
12. Pets allowed on the property.

Management Rights Multiplier: 4.88
ROI Estimate: 20.50%