Hollywell, Queensland
Simple Caretaking and Letting Role – no unit, no fixed hours, no need to live onsite!!
Under Contract / Offer
Business Description
Simple Caretaking and Letting Role – no unit, no fixed hours, no need to live onsite!!
Common area maintenance is managed by the adjacent partner complex, and therefore there is minimal on-title facilities and gardening to maintain for this bolt-on complex.
This complex is part of a larger gated complex, and offers a 26% ROI.
Well worth an inspection!!!
To arrange an inspection call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $40,100 Remuneration / Body Corp Salary: $33,400
Complex Information
Complex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesFunction Facilities: Yes
Key Investment Insights
1. Simple caretaking and letting role with no unit provided, no fixed hours, and no requirement to live onsite.
2. Common area maintenance is outsourced to an adjacent partner complex, resulting in minimal on-title facilities and gardening responsibilities.
3. Advertised return on investment of 26 percent for the bolt-on complex.
4. Net profit reported at $40,100, with a remuneration / body corp salary of $33,400.
5. Complex is part of a larger gated development, which may enhance security and appeal to guests.
6. Total complex size 26 units, with only 3 units currently in the letting pool, indicating limited on-title letting exposure.
7. Agreement module listed as Accommodation, with an original term of 25 years and approximately 15 years remaining.
8. Onsite amenities include a pool, spa, sauna, gym, tennis court, BBQ area, and function facilities, supporting guest appeal and potential revenue drivers.
9. Business price status shown as Under Contract / Offer, signalling current buyer interest.
10. Contact for inspections listed as Gavin, facilitating direct enquiry and site inspection arrangements.
