Robertson, Queensland

Not Required To Live Onsite

$1,750,000

Business Description

• Solid net over $174,101 including $67,451 remuneration with 5% increase annually
• Not required to live onsite
• No set office hours
• Easy to run with manageable caretaking duties for either a single or couple operator
• Perfect for first time manager or add-on to your existing portfolio
• Prime location, extremely popular to renters
• Close to all amenities, transportation, Griffith University and QEII Hospital
• Long agreement 24 years remaining
• Large 3 beds and 2 baths Manager Unit with Office on-title on a 400 square meters land site.

Business Summary

Business Snapshot

Price: $1,750,000 Net Profit: $174,101 Remuneration / Body Corp Salary: $67,451Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 32Total Units in Letting Pool: 24Owner Occupy Units: 7Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. The business has a solid net profit of over $174,101, which includes a remuneration of $67,451 with a 5% annual increase.
2. The manager is not required to live onsite, providing flexibility for the operator.
3. There are no set office hours, making it easy to manage for either a single or couple operator.
4. The caretaking duties are manageable, making it a perfect opportunity for first-time managers or as an add-on to an existing portfolio.
5. The location is prime and extremely popular among renters, with close proximity to all amenities, transportation, Griffith University, and QEII Hospital.
6. The agreement has a long remaining term of 24 years.
7. The manager's unit is a large 3-bedroom, 2-bathroom apartment with an office on-title, valued at $800,000.
8. The complex is of the permanent type, with a total of 32 units, 23 of which are in the letting pool.
9. There are 6 owner-occupied units and 5 outside agent units.
10. The agreement module is Accommodation, with a term of 25 years.
11. The complex features a pool and BBQ area for residents.

Management Rights Multiplier: 5.46
ROI Estimate: 18.33%