Upper Coomera, Queensland

Motivated Seller Seeking Genuine Offers

$1,200,000

Business Description

• Friendly community, well managed gated townhouse complex
• In great location with easy access to the M1 to either Brisbane or Gold Coast.
• Close to major shopping centres, government and private schools, community services and transport links
• Close to Theme Parks
• No office hours
• Large, well presented manager residence

Business Summary

Business Snapshot

Price: $1,200,000 Net Profit: $130,880 Remuneration / Body Corp Salary: $90,959Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $560,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 34Total Units in Letting Pool: 19Owner Occupy Units: 9Agreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: Yes

Marketing Agent

CeCe Chen

0450 45....

Greg Yang

0430 24....

Onsite Management Rights

Key Investment Insights

1. Friendly community and well-managed gated townhouse complex.
2. Convenient location with easy access to major highways and close to shopping centers, schools, and public transportation.
3. Proximity to popular tourist attractions such as theme parks.
4. No office hours required, providing flexibility for the manager.
5. Large and well-presented manager's residence.
6. Reasonable asking price of $1,200,000 with a net profit of $130,880.
7. Additional income from body corporate salary of $90,959 with annual CPI reviews.
8. Manager's apartment valued at $560,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
9. Permanent complex with 34 units, 19 of which are in the letting pool.
10. Long agreement term of 25 years with 19 years remaining.
11. Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 4.89
ROI Estimate: 20.45%