Mudgeeraba, Queensland

NEW IMPRESSIVE PERMENANT!

$1,198,000

Business Description

- Located in the heart in a prime Mudgeeraba position within close proximity to the M1, private and public schools, Robina Town Centre, public transport, hospital and sporting facilities.
- Two complexes within a very short walking distance of each other. 58 lots all are 3 bedroom
- The main complex has recently undergone significant improvements, including landscaping and is looking fantastic. All the hard work has been done for the new management to enjoy
- The manager's residence is one of the best you will find. A large renovated 4 bedroom 2 bathroom freestanding home. Plenty of space for a family and pet. This beautiful residence has been priced to sell at less than current market value.
- The body corporate are very supportive of management and proactive in spending to improve the appearance of the scheme
- This is ideal for new entrants to the industry and could be managed by 1 person
- Due to serious family illness this business must be sold
- An inspection will impress!

Business Summary

Business Snapshot

Price: $1,198,000 Net Profit: $117,000

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Stunning Freestanding 4 bedroom Villa, fully renovated, modern appliances and quality fixtures and fittings, spacious open living area, large kitchen with butler’s pantry, office attached with separate entrance, big outdoor entertaining area that is covered and suitable for a pet.

Complex Information

Complex Type: PermanentTotal Units in Complex: 58Total Units in Letting Pool: 15Owner Occupy Units: 33Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Marketing Agent

Narelle Filmer and Wayne Stoll

0459 22....

Think Management Rights

Key Investment Insights

1. Prime location in Mudgeeraba, close to major amenities and facilities.
2. Two complexes with a total of 58 lots, all 3 bedroom units.
3. Recent improvements to the main complex, including landscaping.
4. Spacious and renovated 4 bedroom, 2 bathroom manager's residence.
5. Supportive and proactive body corporate.
6. Suitable for a single person to manage.
7. Urgent sale due to serious family illness.
8. Impressive net profit of $117,000.
9. Manager's apartment valued at $695,000.
10. Permanent complex with 15 units in the letting pool.
11. Long agreement term of 25 years with 21 years remaining.
12. On-site pool for residents to enjoy.

Management Rights Multiplier: 4.30
ROI Estimate: 9.77%