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: 8Holiday Units: 8Owner Occupy Units: 17Agreement Term Remaining: 21 years years

Marketing Agent

Robert Collins

07 3299....

RAAS Property Group

Key Investment Insights

1. Quiet hilltop location with good aspect
2. Low workload and minimum duties for managers
3. Large and spacious managers unit
4. Permanent complex with a mix of holiday and owner-occupied units
5. Low remuneration/body corporate salary of $40,000
6. Total of 26 units in the complex with 8 units in the letting pool
7. Managers apartment valued at $390,000
8. Long agreement term remaining with 21 years left
9. Exclusive agent handling the sale, Robert Collins
10. Business is already sold.

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%