Parkwood, Queensland

University Accommodation $2,872,500

Property Description

STUDENTS ONLY – CIRCA $400K

Purposely designed, secure, high occupancy student only complex.

Walking distance to Griffith University, Gold Coast Hospital Health Precinct and light rail.

Long agreements. No resident owners. No office hours. No need to live on-site.

Swimming Pool. Minimal grounds and maintenance. A handsome Body Corporate salary.

Students love the high speed unlimited internet. On-site commercial laundry for residents only use.

Real Estate component of the business is comprised of two (2) spacious units:
A. Three bedroom, 2.5 bathroom two storey townhouse with large separate office with kitchen facilities.
B. Two bedroom, two bathroom, fully furnished unit with office and private sunny courtyard. This unit is currently in letting pool.

With net income near $400,000 p.a. and room for significant growth this easy to manage secure niche market business with superior location in a high growth industry presents a rare opportunity for a smart operator.

Property Summary

Business Snapshot

Price: University Accommodation $2,872,500 Net Profit: $397,000 Remuneration / Body Corp Salary: $87,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $805,000Bedrooms: 5Bathrooms: 4Car Spaces: 2Office: On TitlePets OK: No
No need to live on-site, Two units owned by management, One 2 Bedroom and one 3 Bedroom, Office on title

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 51Permanent Units: 51Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: YesWIFI: Yes

Other Features / Notes

No need to live on-site.

Marketing Agent


Marketing Agency

Property Bridge

Rhonda Perkins
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Parkwood, Queensland 4214 Exact map location not provided

Similar Properties

GOLD COAST WITH NO UNIT TO BUY
Exclusive

MAIN BEACH
GOLD COAST WITH NO UNIT TO BUY

$2,774,500
Net Income: $439,000
Managers Estate: $360,000 - Bed - Bath
Letting Pool: -
Remuneration:

RCA Business Brokers
Expressions of Interest.
Exclusive

VARSITY LAKES
Expressions of Interest.

Offers over $2.9m
Net Income: $386,486
Managers Estate: $595,000 3 Bed 2 Bath
Letting Pool: 99
Remuneration: $207,000

Stratacorp

SURFERS PARADISE
ABSOLUTE BEACHFRONT - SUPURB FAMILY BUIL...

$2,850,000
Net Income: $316,609
Managers Estate: $1,250,000 3 Bed 2 Bath
Letting Pool: 33
Remuneration: $84,901

Stratacorp

SURFERS PARADISE
Beachside Magic

Expressions of Interest
Net Income: $317,000
Managers Estate: $1,250,000 3 Bed 2 Bath
Letting Pool: 32
Remuneration: $83,000

Property Bridge

SURFERS PARADISE
Business For Sale - Massive Price Reduction...

$2,850,000
Net Income: $317,000
Managers Estate: $1,450,000 3 Bed 2 Bath
Letting Pool: 33
Remuneration: $84,900

MR Sales

SURFERS PARADISE
ABSOLUTE BEACHFRONT MANAGEMENT RIGHTS FOR...

$2,850,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers