Mudgeeraba, Queensland

CARETAKING ONLY. CLOSE TO GREAT SCHOOLS.

SOLD

Business Description

This permanent Management Rights caretaking only business has the potential to be operated by one person with the option to take on a small letting pool should you wish.

Pet friendly and no set office hours with Body Corporate income of $99,000.

Well maintained, gated complex. Coupled with a generous single level free standing villa featuring 3 bedrooms, 2 bathrooms, double garage and private courtyard for the onsite manager.

Walking distance to your favourite schools and a strong demand for prospective tenant’s enquiries.

Sought after area, only 10 minutes drive to Robina Shopping Centre, train station and Hospital. Bus stop is just around the corner.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $99,069 Remuneration / Body Corp Salary: $99,069Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Generous sized free standing 3 bed, 2 bath, 2 car garage

Complex Information

Complex Type: PermanentTotal Units in Complex: 73Owner Occupy Units: 60Outside Agent Units: 12Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Jenny Zheng

Property Bridge

Key Investment Insights

1. Potential for one person operation with option to take on small letting pool.
2. Pet-friendly and no set office hours.
3. Generous single level free-standing villa for onsite manager.
4. Walking distance to sought-after schools.
5. Strong demand for prospective tenants.
6. Convenient location, close to shopping centers, train station, and hospital.
7. Well-maintained, gated complex.
8. Body Corporate income of $99,000.
9. Annual CPI salary review.
10. Manager's unit valued at $550,000.
11. Permanent complex with 73 units.
12. Majority of units owner-occupied.
13. Outside agent units available for potential growth.
14. Standard agreement module with 9 years remaining.
15. Complex amenities include a pool, BBQ area, and pay TV.

Management Rights Multiplier: 4.27
ROI Estimate: 23.42%