Waterford, Queensland

EXCELLENT RETURN ON INVESTMENT

SOLD

Business Description

Generous Body Corporate salary of $173,000 represents over half of the significant profits generated by this business. Over 20 years remaining on Management Rights agreements.

No requirement to live on site. No set office hours. Minimal investment in real estate provides for excellent ROI. Onsite facilities include a pool only.

Popular rental location conveniently located near Griffith Uni, shopping centre and public transport.

Businesses of this calibre are hard to find!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $271,000 Remuneration / Body Corp Salary: $173,000Business Value: $1,436,300Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $280,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

3 Bedroom Townhouse in a Gated Community

Complex Information

Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 57Owner Occupy Units: 33Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

AI generated. Confirm details with the seller.

1. Generous Body Corporate salary of $173,000 represents over half of the significant profits generated by this business.
2. Over 20 years remaining on Management Rights agreements.
3. No requirement to live on site.
4. No set office hours.
5. Minimal investment in real estate provides for excellent ROI.
6. Onsite facilities include a pool only.
7. Popular rental location conveniently located near Griffith Uni, shopping centre and public transport.
8. Business of this calibre are hard to find.
9. Net profit of $271,000.
10. Body corp salary review of CPI annually.
11. Manager's unit valued at $280,000.
12. 3 bedroom townhouse in a gated community.
13. Complex type is permanent.
14. Total units in complex is 104.
15. Total units in letting pool is 57.
16. Owner occupy units is 33.
17. Outside agent units is 13.
18. Manager units is 1.
19. Agreement module is Accommodation.
20. Agreement term is 25 years.
21. Pool and pay TV are included in the complex amenities.

Management Rights Multiplier: 5.30
ROI Estimate: 15.79%