Parkwood, Queensland

STUDENT ACCOMMODATION – NO NEED TO LIVE ON-SITE

SOLD

Business Description

Purpose designed high occupancy secure student only complex.

Walking distance to Griffith University, Gold Coast Hospital Health Precinct and light rail.

Long agreements. No resident owners. No office hours. No pool. No BBQ. No need to live on-site.

Minimal grounds and maintenance. A handsome Body Corporate Salary.

High speed unlimited internet. On-site commercial laundry for residents only use.

Spacious two bedroom, two bathroom, fully furnished Manager’s unit with private sunny courtyard. Currently in letting pool. Office on title.

Easy to manage secure niche market business with preferred location in a high growth industry.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $205,000 Remuneration / Body Corp Salary: $42,000

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Currently in letting pool. Spacious two bedroom, two bathroom, fully furnished Manager’s unit with private sunny courtyard.

Complex Information

Complex Type: Student AccommodationTotal Units in Complex: 23Total Units in Letting Pool: 23Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPay TV: YesWIFI: Yes

Other Features / Notes

On-site commercial laundry for residents only use.

Marketing Agent

Rhonda Perkins

Property Bridge

Key Investment Insights

Some key insights for this business for sale listing include:

1. Purpose designed high occupancy secure student only complex: This complex is specifically designed to cater to the needs of students, making it a highly sought after accommodation option for students in the area.

2. Walking distance to Griffith University, Gold Coast Hospital Health Precinct and light rail: The location of this complex is ideal for students, as it is within walking distance to key educational institutions and public transport options.

3. Long agreements: The complex has long agreements in place, providing stability and security for the business.

4. No resident owners: This means that the complex is solely dedicated to student accommodation, without any permanent residents. This can help create a more focused and cohesive community within the complex.

5. No office hours: The business does not require the owner to be present on-site during specific office hours, providing flexibility and a good work-life balance.

6. No pool or BBQ: The absence of these amenities means lower maintenance costs for the owner.

7. No need to live on-site: The owner does not need to live on-site, allowing for more flexibility and potentially reducing living expenses.

8. High speed unlimited internet: This is a highly desirable feature for students and can be a key selling point for the business.

9. On-site commercial laundry for residents only use: This provides an additional convenience for residents and can generate additional income for the business.

10. Spacious two bedroom, two bathroom, fully furnished Manager’s unit: The manager's unit is currently in the letting pool and provides a comfortable living space for the owner.

11. Easy to manage secure niche market business: This business caters to a specific niche market, making it easier to manage and potentially reducing competition.

12. Preferred location in a high growth industry: The location of the complex and the industry it operates in (student accommodation) are both highly desirable and in high demand, providing potential for growth and success.

Management Rights Multiplier: 5.46
ROI Estimate: 18.30%