Key Investment Insights
1. Two complexes are being offered for sale together, located 10 minutes apart in Gladstone.
2. The vendor is motivated to sell due to other commitments and has recently reduced the price by $50,000.
3. The total price for both complexes is $649,000, with the home being valued at $299,000 and the business at $350,000.
4. The business offers minimal work and would be ideal for someone looking to live in Gladstone and have a beautiful home.
5. Offers for the entire package should start at $649,000.
6. Interested parties should contact Robert Collins, the exclusive agent, for more information.
7. The business has a net profit of $100,000 and a remuneration/body corp salary of $90,431.
8. The manager's unit is valued at $299,000 and has 4 bedrooms, 2 bathrooms, and 2 car spaces.
9. The complex is a permanent type with a total of 61 units, 7 of which are in the letting pool.
10. There are 14 owner-occupied units and 38 units managed by outside agents.
11. The agreement term is 25 years with 20 years remaining.
Management Rights Multiplier: 3.50
ROI Estimate: 28.57%