Waterford, Queensland

$1,807,000

Property Description

EXCELLENT RETURN ON INVESTMENT

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!

Property Summary

Business Snapshot

Price: $1,807,000 Net Profit: $294,000 Remuneration / Body Corp Salary: $173,000Body 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: 57Permanent Units: 57Owner Occupy Units: 33Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: Yes

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Bobo Qi
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Map Location ( get directions )

Waterford, Queensland 4133 Exact map location not provided

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