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: $71,000Body 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: 27Permanent Units: 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, making it convenient for residents to access amenities and services.
2. Walking distance to train and bus stations, providing easy transportation options for residents.
3. No requirement for the manager to live on site, allowing for flexibility and potential for additional income by renting out the manager's unit.
4. High demand for rentals in the complex, indicating a strong rental market in the area.
5. No office hours, providing a low-stress work environment for the manager.
6. Supportive Body Corporate, potentially making it easier to manage the complex and address any issues that may arise.

Management Rights Multiplier: 5.28
ROI Estimate: 18.93%