Mudgeeraba, Queensland

Low Multiplier - Realistic Vendor - Potential For Growth

$635,000

Property 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.

Property 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: 5Permanent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes