Highland Park, Queensland

Permanent MR business offering great potential upside and a lucrative Body Corporate Salary exceeding $100K

$1,158,000

Business Description

RAAS is pleased to present an exclusive opportunity to acquire the Permanent Complex's management rights and associated real estate.

Exclusive Opportunity: RAAS presents an exclusive chance to acquire the management rights and associated real estate of the Permanent Complex.

Comprising of just 53 units, Panorama Palms is a quiet townhouse complex nestled in bush land.
Residents enjoy 24-hour CCTV surveillance, gardens & open lawns throughout, Large swimming pool, kids wading pool & BBQ area and frequent visits from birds, koalas, kangaroos & other wildlife.
This safe, family-orientated community attracts the highest quality tenants and residents alike.

Three generous bedrooms with built ins and ceiling fans. Air-conditioned living, dining and kitchen area. Solar panels installed.
Call Kerrie Lush ----------

Business Summary

Business Snapshot

Price: $1,158,000 Net Profit: $141,382 Remuneration / Body Corp Salary: $100,854

Managers Unit

Value of Managers Apartment: $630,000Bedrooms: 3Bathrooms: 3Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 53Total Units in Letting Pool: 15Owner Occupy Units: 35Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Marketing Agent

Key Investment Insights

1. Exclusive opportunity to acquire management rights and associated real estate of a Permanent Complex.
2. Quiet townhouse complex with 24-hour CCTV surveillance, gardens, and open lawns.
3. Family-oriented community with high-quality tenants and residents.
4. Three generous bedrooms with built-ins and ceiling fans.
5. Air-conditioned living, dining, and kitchen area.
6. Solar panels installed.
7. Body Corporate Salary exceeding $100,000.
8. Net profit of $141,382.
9. Managers unit valued at $630,000.
10. Total of 53 units in the complex.
11. 15 units in the letting pool.
12. 35 owner-occupied units.
13. 3 outside agent units.
14. 25-year agreement term with 22 years remaining.

Management Rights Multiplier: 3.73
ROI Estimate: 26.78%

Listing location
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