Slacks Creek, Queensland

High Return, Low Multiplier MR Business in Brisbane Southside

SOLD

Business Description

This quality gated complex is situated in Slacks Creek, a rapidly growing suburb offering convenient travel between Gold Coast and Brisbane via the Pacific and Logan motorways. Within minutes of drive, you can easily reach three major shopping centers in Underwood, Springwood & Logan Central, as well as Bunnings & IKEA. Good rental and very popular for renters. Friendly & supportive body corporate committee.

Complex features:
Gated complex with 43 townhouses, a BBQ and a shared pool.
Neat & easy to maintain gardens.

Manager’s Unit (with an office) features:
Two-storey, modern living & dining downstairs, three spacious bedrooms upstairs, one bath, two toilets, single lockup garage with remote, and an office on title.

Business Figures:
Total asking (business+unit): $695,000
Multiplier: 4.5
Body Corporate Salary: $60,000ex gst with CPI increase
Letting Income: $23,000ex gst
Manager’s unit with office: $335,000
Units in Letting Pool: 14
Agreement Term Remaining: 22 years

Book an inspection with Linda Gu today and we are sure you will be impressed!
This would be a perfect opportunity to secure a solid income and lifestyle business.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $83,000 Remuneration / Body Corp Salary: $60,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $335,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title

Two-storey, modern living & dining downstairs, three spacious bedrooms upstairs, one bath, two toilets, single lockup garage with remote, and an office on title.

Complex Information

Complex Type: PermanentTotal Units in Complex: 43Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Linda Gu

0404 08....

Slacks Creek MR

Key Investment Insights

1. Convenient location with easy access to major shopping centers and motorways.
2. Gated complex with modern amenities such as a BBQ and shared pool.
3. Low maintenance gardens and well-maintained complex.
4. Manager's unit is modern and spacious with an office on title.
5. Solid income and lifestyle business with a net profit of $83,000.
6. Low multiplier of 4.5, making it a high return investment.
7. Friendly and supportive body corporate committee.
8. 14 units in the letting pool, providing a steady stream of income.
9. Long agreement term of 22 years remaining.
10. Opportunity to secure a solid income and lifestyle business at a reasonable price.

Management Rights Multiplier: 4.34
ROI Estimate: 23.06%