Runcorn, Queensland
Large Income, Huge Remuneration, Permanent GEM in Southside Brisbane
SOLD
Business Description
- Centrally located in the Leafy suburb of Runcorn, Brisbane Southside
- Well- presented complex provides the perfect environment to relax in
- Very well run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 19 years left on a 25 years accommodation module
- Huge manager remuneration $196,898 with annual adjustment of CPI or 5%, which is greater
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large lowset villa, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, one separate toilet, single garage and a large rear patio and entertaining backyard area
- Large on-title office, no office hour
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
Business Summary
Key Investment Insights
- The complex is centrally located in the leafy suburb of Runcorn, providing a peaceful and quiet environment for residents
- The complex is well-presented, providing a relaxing and enjoyable living environment for tenants
- The business is well-run, with all procedures documented for easy management
- The Body Corporate is supportive and fantastic to work with
- The long agreement of 19 years left on a 25-year accommodation module provides stability and security for the business
- The manager remuneration is a huge $196,898 with annual adjustments, providing a high income for the manager
- The low turnover of tenants minimizes inspections and paperwork, making management easier
- The manager residence is modern and spacious, providing a comfortable living space for the manager
- The large on-title office allows for flexibility and no office hours
- The business is ideal for a family or semi-retired couple looking for a solid income and great lifestyle
