Kallangur, Queensland

BUSINESS ONLY OPPORTUNITY - 200K PROFIT IN KALLANGUR

SOLD

Business Description

Kallangur is convenient to everything from shops to freeways to schools to North Lakes. It will soon be a very high profile suburb.

This management rights business is a solid investment with an option for business only opportunity. It has a stable income from body corporate remuneration and a healthy letting pool with potentials to grow.

Business highlights:

• Long agreement terms up to 2043
• NO set office hours
• NOT required to live onsite
• Easy care, low maintenance with no swimming pool and hedge duties

Business Summary

Business Snapshot

Price: SOLD Net Profit: $198,925 Remuneration / Body Corp Salary: $94,340

Managers Unit

Value of Managers Apartment: $469,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Total Units in Letting Pool: 49Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent

David Jia

0422 06....

Onsite Management Rights

Key Investment Insights

1. Convenient location in a high profile suburb with easy access to shops, freeways, and schools.
2. Solid investment opportunity with stable income from body corporate remuneration and a healthy letting pool.
3. Long agreement terms up to 2043.
4. No set office hours and not required to live on-site.
5. Low maintenance property with no swimming pool or hedge duties.
6. Business only opportunity with potential for growth.
7. Net profit of $198,925.
8. Remuneration/Body Corp Salary of $94,340.
9. Manager's apartment valued at $469,000.
10. 3 bedroom, 2 bathroom, 2 car space manager's unit.
11. Permanent complex with 61 total units and 49 units in the letting pool.
12. 25 year agreement term with 22 years remaining.
13. On-site pool for residents to enjoy.

Management Rights Multiplier: 5.00
ROI Estimate: 13.59%