Kingston, Queensland

VERY HIGHT SALARY No Owner Occupied - Not Required To Live Onsite Logan Area

SOLD

Business Description

• Body Corporate salary VERY HIGH per unit
• Very limited gardening and maintainence work to do
• Not required to live onsite
• No office hours
• No owner occupied
• Close to public transport and all amenities
• Only 3km from Logan Central and easy access to Pacific & Logan Motorways
• High rental demand with stable letting pool
• Long agreement remaining years

Business Summary

Business Snapshot

Price: SOLD Net Profit: $155,628 Remuneration / Body Corp Salary: $77,979

Managers Unit

Value of Managers Apartment: $250,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 29Total Units in Letting Pool: 28Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. High body corporate salary per unit.
2. Limited gardening and maintenance work required.
3. Not required to live onsite.
4. No office hours.
5. No owner occupied units.
6. Convenient location near public transport and amenities.
7. Close proximity to Logan Central and major motorways.
8. High rental demand with stable letting pool.
9. Long remaining agreement term of 21 years.
10. Managers unit valued at $250,000.
11. Permanent complex with 29 units in total.
12. 28 units in the letting pool.
13. Standard agreement module with a term of 25 years.

Management Rights Multiplier: 4.82
ROI Estimate: 20.75%