Sinnamon Park, Queensland

Well Located Complex

$1,268,000

Business Description

Located in the sought after Western Suburbs, close to major shopping center with all facilities near by. The complex is currently run by one person. A comfortable managers unit with all the facilities expected, manageable workload, great income and priced to sell. This will not last. Please contact Exclusive Agent Robert Collins on ---------- or ----------
Unit $695,000
Business $573,000
Income $ 147,000
Total $1,268,000
There is no requirement to live on site. You can lock the office off and still run the business.
Rent the managers unit out for an additional $630 per week ( this is not included in the P&L)

Business Summary

Business Snapshot

Price: $1,268,000 Net Profit: $147,000 Remuneration / Body Corp Salary: $99,807

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 3Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 16Owner Occupy Units: 39Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

Key Insights:
- Located in a highly sought after area in the Western Suburbs, close to major shopping center and all necessary facilities
- Currently run by one person, making it a manageable workload for a single operator
- Includes a comfortable managers unit with all expected facilities
- Great income of $147,000
- Priced to sell at $1,268,000
- No requirement to live on site, allowing for flexibility in managing the business
- Potential to rent out the managers unit for an additional $630 per week, increasing potential income
- Permanent complex with 59 units, 16 of which are in the letting pool
- 10 year agreement term with 10 years remaining
- Opportunity for growth and potential to increase income through effective management and marketing strategies.

Management Rights Multiplier: 3.90
ROI Estimate: 25.65%

Listing location
Gallery

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