Strathpine, Queensland

Wonderful Starter Complex For A Family

SOLD

Business Description

This is a great opportunity to dig your teeth into an easy starter complex. No fuss vendors and long term tenants the current owners have been onsite for over twelve years. Low amount of work required, just two hours a day five days a week. To top it off the BC salary has an annual increase of 5%!

The opportunity includes:
* Generous six bedroom family home, plus three bathrooms and three car parks. The original potato farmhouse.
* Twelve permanent rentals
* Walk to city train and buses.
* Close to Strathpine Central and the to be complete University (2020). This will become a higher demand area for students, lecturers etc.

Please contact Haydn Meyer on ---------- or ---------- .

Business Summary

Business Snapshot

Price: SOLD Net Profit: $66,500 Remuneration / Body Corp Salary: $54,873

Managers Unit

Value of Managers Apartment: $439,000Bedrooms: 5

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 12Owner Occupy Units: 22Agreement Term Remaining: 23 years years

Marketing Agent

Haydn Meyer

Ras360

Key Investment Insights

1. Easy starter complex with no fuss vendors and long term tenants.
2. Low amount of work required, only two hours a day five days a week.
3. Annual increase of 5% in BC salary.
4. Generous six bedroom family home with three bathrooms and three car parks.
5. Twelve permanent rentals included in the opportunity.
6. Close proximity to city train and buses.
7. Potential for increased demand with the completion of a nearby university in 2020.
8. Managers unit valued at $439,000 with five bedrooms.
9. Complex consists of 38 units with 12 in the letting pool.
10. Long agreement term remaining of 23 years.

Management Rights Multiplier: 2.98
ROI Estimate: 10.44%