Riverhills, Queensland

Simple quiet complex

SOLD

Business Description

Quiet hilltop location, good aspect. Minimum duties. Large managers unit.
Please contact Exclusive Agent Robert Collins on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $40,000 Remuneration / Body Corp Salary: $40,000

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 8Owner Occupy Units: 17Agreement Term Remaining: 21 years years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. Quiet hilltop location with a good aspect
2. Minimum duties for management
3. Large manager's unit included in sale
4. Price includes remuneration/body corp salary of $40,000
5. Net profit of $40,000
6. Manager's apartment valued at $390,000
7. Complex is permanent with 26 total units
8. 8 units currently in the letting pool
9. 17 owner-occupied units
10. Agreement term remaining for 21 years.

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%

Listing location
Gallery

This Business is sold

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