Varsity Lakes, Queensland

Boutique Security Gated Complex!!!

$905,000

Business Description

Boutique Security Gated Complex!!!

Permanent boutique security gated complex in Varsity Lakes which is super conveniently located close to everything including walking distance to schools and public transport. Premium location close to Sailing Club, Aldi and Varsity College.

Complex features a resort style pool area, well maintained low maintenance gardens and a low maintenance lifestyle.

Managers two level townhouse consists of 3 bedrooms, 2 bathrooms, and separate laundry adjoining the on title office, open plan living area and fully equipped kitchen leading out a private enclosed courtyard. Lockup garage, 2 car spaces and storage.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $905,000 Net Profit: $50,000 Remuneration / Body Corp Salary: $49,000

Managers Unit

Value of Managers Apartment: $830,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 22Total Units in Letting Pool: 4Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 5 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Permanent boutique security gated complex located in a premium location in Varsity Lakes.
2. Close to schools, public transport, and amenities such as a Sailing Club and Aldi.
3. Features a resort-style pool area and well-maintained low maintenance gardens.
4. Manager's townhouse includes 3 bedrooms, 2 bathrooms, and a private enclosed courtyard.
5. Lockup garage, 2 car spaces, and storage included.
6. Net profit of $50,000 and remuneration/Body Corp salary of $49,000.
7. Manager's apartment valued at $830,000.
8. Complex includes 22 units with 4 in the letting pool.
9. Agreement module is standard with a remaining term of 5 years.
10. Pool is also included in the complex amenities.

Management Rights Multiplier: 1.50
ROI Estimate: 66.67%