Runcorn, Queensland

NO NEED TO LIVE ON SITE

SOLD

Business Description

Close proximity to excellent shopping centres.

Walking distance to train and bus stations.

No requirement to live onsite. Rent out manager’s unit should you wish.

A very popular complex with high rent demand.

No office hours.

Supportive Body Corporate.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $124,000 Remuneration / Body Corp Salary: $71,000Business Value: $655,000Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $369,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Large block

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 27Owner Occupy Units: 21Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Close proximity to excellent shopping centres.
2. Walking distance to train and bus stations.
3. No requirement to live onsite.
4. Option to rent out manager's unit.
5. High demand for rent in the area.
6. No office hours required.
7. Supportive Body Corporate.
8. Price: SOLD.
9. Net Profit: $124,000.
10. Remuneration / Body Corp Salary: $71,000.
11. Fixed % body corp salary review.
12. Value of Managers Apartment: $369,000.
13. 3 bedrooms, 3 bathrooms, 2 car spaces.
14. On-site office.
15. Pets allowed.
16. Large block.
17. Complex type: Permanent.
18. Total units in complex: 52.
19. Total units in letting pool: 27.
20. Owner-occupied units: 21.
21. Manager units: 1.
22. Agreement Module: Accommodation.
23. Agreement Term: 25 years.
24. Agreement Term Remaining: 22 years.
25. Pool and pay TV available.

Management Rights Multiplier: 5.28
ROI Estimate: 12.11%