Wynnum, Queensland

GREAT STARTER BUSINESS

SOLD

Business Description

Management agreements recently topped up to 22 years.

Ideal business for industry beginners or semi-retired.

Gated community in a sought after location backing onto park and Wynnum’s foreshore.

Large renovated Managers unit comprising large office and private rear yard.

Low maintenance common grounds.

No set office hours and supportive Body Corporate Committee.

Close to public transport, shopping centres and schools. Only 15 minutes to CBD.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $100,000 Remuneration / Body Corp Salary: $66,000Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $465,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Recently renovated Townhouse, 3 Bedroom, 2 Bathroom, 1 Car Garage, Large back yard,

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 20Owner Occupy Units: 20Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Management agreements recently topped up to 22 years, providing long-term stability for the business.
2. Ideal business for industry beginners or semi-retired individuals, making it a great opportunity for those looking to enter the industry.
3. Located in a gated community in a sought after location, providing a desirable living environment for tenants.
4. Backing onto a park and Wynnum's foreshore, offering a peaceful and picturesque setting for residents.
5. Large renovated Managers unit with a spacious office and private rear yard, providing comfortable living quarters for the managers.
6. Low maintenance common grounds, reducing the workload for the managers and making it an easier business to manage.
7. No set office hours, allowing for a flexible work schedule for the managers.
8. Supportive Body Corporate Committee, making it easier to manage the complex and resolve any issues that may arise.
9. Close proximity to public transport, shopping centres, and schools, making it a convenient location for residents.
10. Only 15 minutes to CBD, providing easy access to city amenities and opportunities.

Management Rights Multiplier: 4.70
ROI Estimate: 21.28%