Taigum, Queensland

Quiet Townhouse Complex

SOLD

Business Description

• In a prime location, close to all amenities and public transport
• No fixed office hours
• Solid Body Corporate salary, accounting 79% of the net profit
• Easily managed permanent residential letting, with strong rental demands and potentials to improve the rental pool

Business Summary

Business Snapshot

Price: SOLD Net Profit: $121,974 Remuneration / Body Corp Salary: $96,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 80Total Units in Letting Pool: 17Pool: Yes
Marketing Agent
Jason Ke
Jason Ke

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. Prime location with easy access to amenities and public transport.
2. No fixed office hours, providing flexibility for the owner.
3. Solid Body Corporate salary, accounting for a significant portion of the net profit.
4. Strong demand for permanent residential rentals, with potential for growth in the rental pool.
5. Manager's unit valued at $440,000, offering comfortable accommodation for the owner.
6. Complex consists of 80 units, with 17 units in the letting pool.
7. On-site pool for residents' use.
8. Body Corporate salary reviewed annually, providing potential for increased income.
9. Easily managed complex, with potential for further improvements and growth.
10. Opportunity for the owner to live and work in the same location.

Management Rights Multiplier: 3.44
ROI Estimate: 29.04%

Listing location
Gallery

This Business is sold

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