Raceview, Queensland

Tack on MR in Ipswich

$366k MR & $100k Unit = Total $466k

Business Description

Ipswich, located in Brisbane’s booming western corridor, has fast become one of South East Queensland’s most exciting growth areas. Identified as a key urban hub in the Queensland Government’s South East Queensland Regional Plan, Ipswich is projected to grow almost three times faster than the rest of the state in the coming years. This presents a rare opportunity to secure a high-quality, low-maintenance investment in one of Queensland’s fastest-growing regions.

The business is easily managed off-site by one person and is part of a well-maintained development that consistently attracts excellent tenants. With a 1 bedroom unit, including an office valued at $100,000 and the business priced at $366,000, the total investment delivers a strong net income of $91,705.

This is an ideal opportunity for investors seeking a straightforward, profitable asset with significant potential for future growth, positioned right in the heart of a city on the rise. Opportunities like this are increasingly hard to find in today’s market, making this an investment well worth considering.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $366k MR & $100k Unit = Total $466k Net Profit: $91,705 Remuneration / Body Corp Salary: $32,000

Managers Unit

Value of Managers Apartment: $100,000Bedrooms: 1Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 27Total Units in Letting Pool: 18Owner Occupy Units: 7Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. Ipswich is a rapidly growing region in South East Queensland, with projected growth three times faster than the rest of the state.
2. The business is easily managed off-site by one person and is part of a well-maintained development.
3. The investment includes a 1 bedroom unit valued at $100,000 and the business priced at $366,000, with a strong net income of $91,705.
4. This is an ideal opportunity for investors looking for a profitable asset with potential for future growth.
5. The business is located in the heart of a city on the rise, making it a desirable location for investment.
6. Opportunities like this are becoming increasingly rare in the current market.
7. The business is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
8. The total investment includes a managers unit valued at $100,000 and a net profit of $91,705.
9. The complex is a permanent type with 27 units, 18 of which are in the letting pool.
10. The agreement term is 25 years with 21 years remaining.

Management Rights Multiplier: 3.99
ROI Estimate: 25.06%