Springwood, Queensland

Great Body Corporate Salary

SOLD

Business Description

Conveniently located within walking distance to terrific shopping centres, this gated townhouse complex is worth your attention.

City buses right at the doorstep, quick access to the M1, just 20 minutes to Brisbane and 35 minutes to the Gold Coast. Walk to great schools such as John Paul College and St Edwards Catholic Primary.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $241,750 Remuneration / Body Corp Salary: $118,559Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $415,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Well positioned managers unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 58Owner Occupy Units: 27Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesPay TV: Yes

Other Features / Notes

Pool, BBQ, Gated Townhouse Complex

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Convenient location within walking distance to shopping centres
2. Easy access to public transportation and major highways
3. Proximity to reputable schools
4. Strong net profit of $241,750
5. Generous remuneration/Body Corp salary of $118,559
6. Fixed percentage for body corp salary review
7. Well-positioned managers unit with a value of $415,000
8. 3 bedrooms, 1 bathroom, and 1 car space in managers unit
9. Office included on title
10. Pet-friendly complex
11. Permanent complex with 92 total units
12. 58 units in the letting pool
13. 27 owner-occupied units and 6 units managed by outside agents
14. Accommodation agreement module with a term of 25 years
15. 18 years remaining on agreement term
16. Amenities such as pool, BBQ, and gated townhouse complex.

Management Rights Multiplier: 5.50
ROI Estimate: 18.18%