Milton, Queensland

BIG PRICE REDUCTION... OWNER HAS TO SELL!!

SOLD

Business Description

Close Proximity To Brisbane CBD

This Management Rights business offers a very unique city living lifestyle. The current on-site Managers must sell due to a very sudden change in circumstances.

The multiplier (4x multipler) is BELOW MARKET VALUE and has 23 years to run on the agreement. Fantastic BC committee as well.

If you are one of those ever-increasing numbers of people who are now at a stage in life where you are looking for a city living lifestyle then imagine the following aspects:
- Walk to any number of coffee bistros & finest restaurants.
- Brisbane River & City views from the generous private balcony.
- City Cat Ferry and walkway/bike paths at your doorstep.

The Managers unit comprises:
- Double glazed windows
- Two large sized bedrooms master with en-suite and walk-ins
- Open plan living, dining area and well-designed gourmet kitchen
- Gigantic secured storage & two car parks

This magnificent complex offers facilities such as:
25m pool, sun decks, spa, gymnasium, BBQ pavilion garden terraces & resident common room, which is available for a private function with both kitchen and toilet facilities.

The Net income of $133,000 can easily be increased without a lot of effort if you so desire.

For your personal inspection please contact Robert Collins ---------- or ---------- .

Business Summary

Business Snapshot

Price: SOLD Net Profit: $133,000 Remuneration / Body Corp Salary: $83,651

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 13Holiday Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Robert Collins

07 3299....

RAAS Property Group

Key Investment Insights

1. The business offers a unique city living lifestyle.
2. The current on-site managers must sell due to a sudden change in circumstances.
3. The multiplier (4x multiplier) is below market value.
4. The agreement has 23 years remaining.
5. The business has a fantastic BC committee.
6. The location is in close proximity to Brisbane CBD.
7. The managers unit has double glazed windows.
8. The unit has two large sized bedrooms, master with en-suite and walk-ins.
9. The complex offers facilities such as a 25m pool, sun decks, spa, gymnasium, BBQ pavilion, garden terraces, and a resident common room.
10. The net income of $133,000 can easily be increased with minimal effort.
11. The managers unit has a value of $800,000.
12. The complex is a permanent complex with 48 units.
13. There are 13 units in the letting pool and 13 holiday units.
14. The agreement term is 25 years.
15. The complex is well-maintained and has a range of amenities for residents to enjoy.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%