Highland Park, Queensland

ATTRACTIVE PERMANENT TOWNHOUSE COMPLEX

SOLD

Business Description

Located within the Gold Coast’s sought-after Highland Park.

Close to shops and schools. Easy access to Pacific Highway and only 20 minutes to the beach.

Comfortable 3 bedrooms Manager’s townhouse with office on tile.

Good Body Corporate and low maintenance grounds.

21 years remaining on Management Agreements.

A healthy net income of $151,000 representing a very good return on investment, given low cost of Manager’s residence.

Don’t miss out on this one.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $148,000 Remuneration / Body Corp Salary: $82,848Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $320,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Townhouse in a park like setting

Complex Information

Complex Type: PermanentTotal Units in Complex: 53Total Units in Letting Pool: 31Owner Occupy Units: 17Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: Yes

Marketing Agent

Jenny Zheng

Property Bridge

Key Investment Insights

1. Located in a highly desirable and sought-after area within the Gold Coast's Highland Park.
2. Close proximity to shops, schools, and easy access to major highways.
3. Comfortable 3-bedroom manager's townhouse with an office on site.
4. Low maintenance grounds and a well-maintained complex.
5. Strong and stable Body Corporate with a good remuneration package.
6. Long remaining Management Agreements, providing security and stability.
7. Healthy net income of $151,000, representing a good return on investment.
8. Low cost of Manager's residence adds to the profitability of the business.
9. Townhouse is situated in a picturesque park-like setting.
10. Complex is a mix of permanent and owner-occupied units, providing a diverse and stable tenant base.
11. Agreement module is Accommodation, providing flexibility and potential for growth.
12. On-site amenities include a pool and spa for tenants to enjoy.
13. Pet-friendly complex, appealing to a wider range of potential tenants.
14. Only 20 minutes to the beach, making it an attractive location for tenants.
15. Don't miss out on this opportunity to own a well-established and profitable townhouse complex in a desirable location.

Management Rights Multiplier: 3.92
ROI Estimate: 25.52%