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.
Net Profit: $397,000 Remuneration / Body Corp Salary: $87,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $830,000Bedrooms: 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 InformationComplex Type: Student AccommodationTotal 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.