Rochedale South, Queensland

Close to Sunnybank

$795,000

Business Description

• Realistic vendors. Low multiplier.
• Easy caretaking. No pool nor other facilities.
• No set office hours.

Business Summary

Business Snapshot

Price: $795,000 Net Profit: $89,503 Remuneration / Body Corp Salary: $55,148

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 19Owner Occupy Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 12 years

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. Realistic vendors with a low multiplier make this business a good value for potential buyers.
2. The business is easy to manage with no pool or other facilities to maintain.
3. There are no set office hours, providing flexibility for the managers.
4. The net profit for the business is $89,503, making it a profitable opportunity.
5. The remuneration/body corp salary is $55,148, providing additional income for the managers.
6. The managers' unit is valued at $395,000 and has 3 bedrooms, 1 bathroom, and 1 car space.
7. The complex is a permanent type with a total of 46 units, 19 of which are in the letting pool.
8. There are 20 owner-occupied units in the complex.
9. The agreement term is 25 years with 12 years remaining, providing stability for the managers.

Management Rights Multiplier: 4.47
ROI Estimate: 22.38%