Kangaroo Point, Queensland

AWESOME RETURN ON INVESTMENT. NO UNIT.

SOLD

Business Description

No requirement to purchase a unit.

Maximise your return on investment and acquire this business with onsite office.

An attractive Body Corporate salary accompanies this modern and low maintenance complex.

Arguably Brisbane’s best suburb with absolutely everything at your doorstep.

Quality businesses offering such an attractive package are hard to find.

Act NOW. Contact us, EXCLUSIVE AGENTS to obtain further details

Business Summary

Business Snapshot

Price: SOLD Net Profit: $285,000 Remuneration / Body Corp Salary: $123,970Business Value: $1,479,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $119,000Car Spaces: 1Office: On Title

OFFICE ONLY TO BUY

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 78Total Units in Letting Pool: 31Owner Occupy Units: 38Outside Agent Units: 5Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesPay TV: Yes

Other Features / Notes

NO UNIT TO BUY

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Attractive Body Corporate salary accompanies this modern and low maintenance complex.
2. Located in arguably Brisbane's best suburb with everything at your doorstep.
3. Quality businesses offering attractive packages are hard to find.
4. No requirement to purchase a unit, making it a more affordable investment opportunity.
5. Onsite office included, providing convenience and potential for additional income.
6. Strong net profit of $285,000.
7. Body Corp salary review of CPI annually.
8. Managers apartment valued at $119,000.
9. Complex type is holiday with a 4-star rating.
10. Total of 78 units in complex with 31 in the letting pool.
11. Long agreement term of 25 years with 23 years remaining.
12. Facilities include pool, gym, and pay TV.
13. Additional features include no unit to buy and office on title.

Management Rights Multiplier: 5.19
ROI Estimate: 17.83%