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: 19Permanent Units: 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 investment opportunity.
2. Easy caretaking with no pool or other facilities to maintain.
3. No set office hours, providing flexibility for the managers.
4. Net profit of $89,503 and a remuneration/body corp salary of $55,148.
5. Managers unit with a value of $395,000 and 3 bedrooms, 1 bathroom, and 1 car space.
6. Permanent complex with a total of 46 units and 19 in the letting pool.
7. 25-year agreement with 12 years remaining.
8. Located near Sunnybank, a highly sought-after area.
9. Potential for growth and increased income with more units in the letting pool.
10. On-site office included in the sale.
11. Strong rental demand in the area.
12. Low maintenance and operating costs.
13. Opportunity for owner-occupiers to purchase units in the complex.
14. Close proximity to public transport, shopping, and other amenities.
15. Diverse community with a mix of owner-occupiers and permanent residents.

Management Rights Multiplier: 4.47
ROI Estimate: 22.38%