Mudgeeraba, Queensland

Low Multiplier - Realistic Vendor - Potential For Growth

$635,000

Business Description

• In popular Mudgeeraba, close to all amenities, public transport, only 15 minutes' drive to Robina Town Centre, hospital and rail station, and beaches.
• Close to the famous Somerset College
• No fixed office hours
• Solid income on good body corporate salary
• 20 years remain on Management Rights agreements.
• Easily managed permanent letting, with strong rental demands and potentials to improve the current rental pool.
• Suits one part-time operator as a stable additional income.

Business Summary

Business Snapshot

Price: $635,000 Net Profit: $41,516 Remuneration / Body Corp Salary: $38,559Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $460,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 26Total Units in Letting Pool: 5Agreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Lily Liao

0420 39....

Onsite Management Rights

Key Investment Insights

Key Insights:
1. The business is located in a popular and convenient area, close to amenities and public transport.
2. The presence of a renowned school, Somerset College, in the vicinity can attract families and potential tenants.
3. The business has no fixed office hours, providing flexibility for the owner.
4. The body corporate salary is solid, providing a stable income for the owner.
5. There are 20 years remaining on the management rights agreements, providing long-term stability for the business.
6. The current rental pool has potential for improvement, presenting an opportunity for growth.
7. The business can be easily managed by one part-time operator, making it a suitable additional income stream.
8. The asking price is low compared to the net profit, making it a good investment opportunity with a low multiplier.
9. The manager's unit has a value of $460,000 and includes 3 bedrooms, 2 bathrooms, and an office.
10. The complex has a total of 26 units, with 5 units in the letting pool.
11. The agreement term is 25 years, with 20 years remaining.
12. The complex has amenities such as a pool and BBQ area.

Management Rights Multiplier: 4.22
ROI Estimate: 23.72%