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: 13Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. Unique city living lifestyle opportunity
2. Urgent sale due to sudden change in circumstances
3. Below market value multiplier (4x)
4. Long agreement term (23 years remaining)
5. Fantastic body corporate committee
6. Close proximity to Brisbane CBD
7. Walking distance to coffee bistros and restaurants
8. Brisbane River and city views from private balcony
9. City Cat Ferry and walkway/bike paths nearby
10. Double glazed windows in manager's unit
11. Two large bedrooms with en-suite and walk-in closet
12. Open plan living and dining area
13. Well-designed gourmet kitchen
14. Secured storage and two car parks
15. Facilities include 25m pool, sun decks, spa, gymnasium, BBQ pavilion, garden terraces, and resident common room
16. Potential to increase net income with minimal effort
17. Manager's apartment valued at $800,000
18. Permanent complex with 48 units and 13 in the letting pool
19. Agreement term of 25 years
20. Net income of $133,000 with remuneration/body corp salary of $83,651.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%

Listing location

This Business is sold

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