Shailer Park, Queensland

Low Multiplier Close To Daisy Hill Koala Centre

$607,000

Property Description

• A perfect business for a solo operator, semi-retired or the first timer.
• Solid income, 75% of net income derived from Body Corporate Remuneration.
• Long agreement term with the multiplier comfortably lowered for bank approval.
• A good mix of single level villas and double storey townhouses in a quiet, well managed complex
• Easily managed with common gardens and pool service currently contracted.
• Yet, huge potentials for additional income from unexplored income options including backyard garden maintenance.
• In a convenient, leafy location. Close to all amenities.
• Bus stop is right outside the Complex and only 5 minutes to Hyperdome, John Paul College. Logan Hospital, Griffith University and Springwood CBD.
• 3 Minutes to M1, half an hour to Brisbane City and 40 mins to the beautiful Gold Coast.
• Manager unit freshly renovated, modern, spacious and comfortable, with solar panels and additional car bays.

Property Summary

Business Snapshot

Price: $607,000 Net Profit: $63,051 Remuneration / Body Corp Salary: $46,697Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $355,000Bedrooms: 3Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 13Permanent Units: 13Owner Occupy Units: 29Outside Agent Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes
Marketing Agent
Si Chen
Si Chen

Onsite Management Rights

Onsite Management Rights

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