Redland Bay, Queensland

Beautiful Redlands Area

$1,888,000

Business Description

If you buy this one you get a great stand large home 250 sq mt and a block of land 700 sq mt.
The home has just been painted and upgraded.
Office is on title and you get 3 generous bedrooms as well as 2 bathrooms, plenty of storage, great back yard in a lovely street environment.
home is $888,000
business is $1,000,000
Total $1,888,000
Income is $223,000 done by qualified MR specialist accountant.
Come and have a look you will not be disappointed.
Please in the first instant contact Exclusive Agent Robert Collins on ---------- or ----------

Business Summary

Business Snapshot

Price: $1,888,000 Net Profit: $223,000 Remuneration / Body Corp Salary: $136,621

Managers Unit

Value of Managers Apartment: $888,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 97Total Units in Letting Pool: 28Agreement Term: 25 yearsAgreement Term Remaining: 16 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. The business for sale includes a large home and a block of land in the Redlands area.
2. The home has recently been painted and upgraded.
3. The office is included in the sale and there are 3 generous bedrooms and 2 bathrooms.
4. The home is priced at $888,000 and the business is priced at $1,000,000, making the total price $1,888,000.
5. The business has a net profit of $223,000, as reported by a qualified MR specialist accountant.
6. The managers unit has a value of $888,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
7. The complex is a permanent type with a total of 97 units, 28 of which are in the letting pool.
8. The agreement term is 25 years with 16 years remaining.

Management Rights Multiplier: 4.48
ROI Estimate: 22.30%

Listing location
Gallery

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