40 / 2-8 Meadowbrook Drive, Meadowbrook, Queensland

Lovely Southside complex

$880,000

Business Description

Low maintenance complex in near new condition in cooperating a popular style 3 (large) bedroom Manager's townhouse and large back yard. Room for a pet and kids to play. Close to hospital, university and the rail. Comfortable living with a one person business.
please contact Robert Collins Joint Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: $880,000 Net Profit: $92,318 Remuneration / Body Corp Salary: $63,964

Managers Unit

Value of Managers Apartment: $470,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 15Holiday Units: 15Owner Occupy Units: 24Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Robert Collins

RAAS Property Group

Key Investment Insights

1. Low maintenance complex in near new condition
2. Popular style 3 bedroom townhouse with large backyard
3. Room for a pet and kids to play
4. Close proximity to hospital, university, and rail
5. Comfortable living with a one person business
6. Net profit of $92,318
7. Remuneration/Body Corp Salary of $63,964
8. Manager's unit valued at $420,000
9. 3 bedrooms, 2 bathrooms, and 2 car spaces in manager's unit
10. Complex type is permanent with a total of 45 units
11. 15 units in the letting pool, 15 holiday units, 24 owner-occupied units, and 4 outside agent units
12. Agreement term of 25 years with 25 years remaining.

Management Rights Multiplier: 4.44
ROI Estimate: 22.52%