Wulkuraka, Queensland

Brisbane West - 5 Year Old Permanent Complex $165k Net

$1,550,000

Business Description

As new 57 lot Townhouse complex, All 3 Bed, 2.5 Bath, 2 car 2 level town-homes or
stand alone Villas. Top Quality Finishes, including ducted air-conditioning, vacuum system and security alarm. The complex is located right next door to
the Wulkuraka Train Station, and future shopping complex. Waiting list for tenants.

Agreements period : 25 years
Agreement period remaining: 24 years
Body corporate remuneration: $67,722
Body corp remuneration review: 3% or cpi which ever higher annually
Total Lots in complex: 57
Lots in rental pool: 42
Permanent rent range: $430 - $490 pwk
Office hours: nil
Managers house: 3 bed 2.5 bath 2 car standalone villa
Separate managers office including office & Storage area. 12m2 + 2 car parks & Yard
Live onsite: no requirement to live onsite
Managers house not locked into business and can be sold separately anytime.

Very nice complex, no gates, no pool, no gym, very easy to look after.

NOP: $165,000.00
Managers Real Estate: $550,000.00
Business: $1,000,000.00
Total Price: $1,550,000.00

Business Summary

Business Snapshot

Price: $1,550,000 Net Profit: $165,000 Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 3Car Spaces: 4Office: Exclusive Use
3 Bed, 2.5 Bath, 2 car 175m2 lowset stand alone Villa.

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 49Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 years
Marketing Agent
BrisbaneProperties.com.au

BrisbaneProperties.com.au

Key Investment Insights

1. The business for sale is a 5-year-old permanent complex located in Brisbane West.
2. The complex consists of 57 townhouse units, all 3 bedrooms, 2.5 bathrooms, and 2 car spaces.
3. The units are of top quality with features such as ducted air-conditioning, vacuum system, and security alarm.
4. The complex is conveniently located next to the Wulkuraka Train Station and a future shopping complex.
5. There is a waiting list for tenants, indicating a high demand for rental units in the area.
6. The agreement period for the complex is 25 years, with 24 years remaining.
7. The body corporate remuneration is $67,722, with an annual review of 3% or CPI, whichever is higher.
8. Out of the 57 units, 42 are currently in the rental pool.
9. The permanent rent range for the units is $430 - $490 per week.
10. There are no office hours required for the management of the complex.
11. The manager's house is a 3 bedroom, 2.5 bathroom, 2 car standalone villa.
12. The manager's office is separate and includes an office, storage area, and 2 car parks.
13. The manager is not required to live on-site.
14. The manager's house is not locked into the business and can be sold separately at any time.
15. The complex has no gates, pool, or gym, making it easy to manage.
16. The net operating profit for the business is $165,000.
17. The value of the manager's apartment is $550,000.
18. The complex is of the permanent type, with a total of 57 units and 49 units in the letting pool.
19. The agreement module is accommodation, and the agreement term is 25 years.
20. The total price for the business is $1,550

Management Rights Multiplier: 6.06
ROI Estimate: 16.50%

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