Mudgeeraba, Queensland

Permanent with HUGE BC Salary!!!

SOLD

Business Description

Vendor Reduces Price!!

This is a family friendly gated residential complex comprising a mix of affordable rental accommodation and low maintenance owner occupier homes. The 120 quality freestanding houses are set amongst seventeen acres of lavishly landscaped grounds with pockets of native bush reserves. The dazzling resort style facilities include a saltwater pool, heated spa, fully equipped gym, BBQ's, entertainment area and change rooms. For the security conscious the quiet, secure, residential estate is located at the end of a no through road with gated entry, intercom access to each residence, CCTV surveillance and night time security patrols.

This complex is centrally located with a variety of amenities close by and only a few minutes' drive to: Robina Town Centre with shops, cinemas, restaurants, Mudgeeraba shopping centre and historic township, Easy access to the M1 Pacific Motorway, Robina Station and Varsity Lakes Station, Quality private and public schools - Kings Christian College, Somerset College, Hillcrest Christian College, Clover Hill State School, Gold Coast Christian College and Bond University, Robina Hospital, Robina Stadium and approximately a 15 minute drive to patrolled surf beaches and the hinterland.

Spacious 3 bedroom 2 bathroom managers apartment with an adjoining "on title" office, elegant lounge and dining area with air conditioning, a modern fully equipped kitchen, a separate private covered courtyard area, and a double lock up garage.

DEFINITELY A MUST SEE COMPLEX!!!

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $320,000 Remuneration / Body Corp Salary: $228,300

Managers Unit

Value of Managers Apartment: $510,000Office: On Title
Spacious 3 bedroom 2 bathroom managers apartment with an adjoining "on title" office, elegant lounge and dining area with air conditioning, a modern fully equipped kitchen, a separate private covered courtyard area, and a double lock up garage.

Complex Information

Complex Type: PermanentTotal Units in Complex: 120Total Units in Letting Pool: 32Owner Occupy Units: 75Outside Agent Units: 13BBQ Area: YesFunction Facilities: Yes
Marketing Agent
Gavern Property
Gavern Property

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

Key Insights:

1. Family friendly gated residential complex with a mix of affordable rental accommodation and low maintenance owner occupier homes.
2. 120 quality freestanding houses set amongst seventeen acres of lavishly landscaped grounds.
3. Resort-style facilities including a saltwater pool, heated spa, fully equipped gym, BBQ's, entertainment area, and change rooms.
4. Security features such as gated entry, intercom access, CCTV surveillance, and night time security patrols.
5. Centrally located with easy access to amenities, shopping centers, schools, hospitals, and transport.
6. Spacious 3 bedroom 2 bathroom managers apartment with an adjoining "on title" office.
7. Managers unit valued at $510,000.
8. Net profit of $320,000 and remuneration/body corp salary of $228,300.
9. Permanent complex with a total of 120 units, 32 units in the letting pool, and 75 owner-occupier units.
10. Additional features include BBQ area and function facilities.

Management Rights Multiplier: 5.50
ROI Estimate: 18.18%

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This Business is sold

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