50 Enborisoff Street, Taigum, Queensland

Great North Side Complex

Under Contract / Offer

Business Description

Pets OK with B/Corp approval. This is a beautiful north side complex and it easily run by one person. This complex is designed with the Manager in mind. The home is beautiful with a huge multipurpose room and an additional large living area. You will not be disappointed in this one. The complex is ideally situated for rentals. There has been 100% occupancy since new with a growing rental pool. All written policies and procedures are in place. It is truly a walk in walk our business There is an additional income for a small rent role just outside the complex at a 3 multiplier for an additional income of $12,727. The MR income is $157,387 at a very reasonable multiplier of 4.9. It is GV complaint and has a friendly BC committee. There is no committee member living on site.

Current Managers live off site. Office can be separated and home can be rented

Please contact Robert Collins Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $157,387 Remuneration / Body Corp Salary: $96,132

Managers Unit

Value of Managers Apartment: $599,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 65Total Units in Letting Pool: 31Holiday Units: 31Owner Occupy Units: 31Outside Agent Units: 2Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Robert Collins

RAAS Property Group

Key Investment Insights

Key insights:

1. The complex is located in a desirable north side location and has been designed with the manager in mind.

2. The complex has a high occupancy rate and a growing rental pool, making it a profitable business opportunity.

3. All necessary policies and procedures are in place, making it a turnkey operation for a new owner.

4. The manager's home is spacious and can be rented out for additional income.

5. The complex has a friendly body corporate committee and is GV compliant.

6. The current managers live off-site, allowing for flexibility in managing the complex.

7. The complex has a mix of permanent and holiday units, providing a diverse income stream.

8. The manager's unit has a value of $599,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.

9. The complex has a long agreement term remaining, providing stability for a new owner.

10. There is an opportunity for additional income through a small rent roll just outside the complex.

Management Rights Multiplier: 5.14
ROI Estimate: 19.45%