Marsden, Queensland

Rare Find Easy Caretaking in Marsden

SOLD

Business Description

• Neat, quiet and secured complex
• Easy caretaking, a real pleaser for managers
• Good existing relationship with owners and very supportive committees
• Only 3 owners live in the Complex and nil committee lives onsite
• Long agreement with 23 years remaining
• Good location, walk to public transport, stroll to shopping, only minutes drive to the Logan Motorway and school
• Spacious 4 bedroom manager unit with office on title

Business Summary

Business Snapshot

Price: SOLD Net Profit: $124,723 Remuneration / Body Corp Salary: $62,963Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $418,000Bedrooms: 4Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 29Owner Occupy Units: 3Outside Agent Units: 4Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes
Marketing Agent
Lily Liao
Lily Liao

Greg Yang
Greg Yang

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. Neat, quiet and secured complex with good existing relationships with owners and supportive committees.
2. Easy caretaking duties, making it a desirable option for managers.
3. Only 3 owners live in the complex and there are no committee members living onsite.
4. Long agreement with 23 years remaining, providing stability and potential for long-term income.
5. Good location with easy access to public transport, shopping, and schools.
6. Spacious 4 bedroom manager unit with an office on title, providing comfortable living arrangements for managers.
7. Net profit of $124,723, with a remuneration/body corp salary of $62,963.
8. Body corp salary review occurs annually, providing potential for increased income.
9. Manager's apartment valued at $418,000, providing potential for capital growth.
10. Complex is a permanent type with a total of 38 units, with 29 in the letting pool.
11. Only 4 units are managed by outside agents.
12. Agreement module is standard with a term of 25 years, with 23 years remaining.
13. Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 5.11
ROI Estimate: 19.58%

Listing location
Gallery

This Business is sold

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