FOR SALE
$1,075,000

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Cornubia QLD 4130

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SOLID BUSINESS - GREAT LIVING ENVIRONMENT

On offer is a high quality 76 lot residential townhouse complex located in the growing suburb of Cornubia, approximately 40 minute's drive from both Brisbane and the Gold Coast. Secure living and peace of mind for residents is provided by a 24-hour staffed security service throughout the estate.
Of huge benefit to the onsite manager of this business, is there are no caretaking responsibilities for the extensive recreational facilities and open spaces available to residents within the grounds of the greater estate.
Representing a separate community management scheme within a larger estate, the lot owners contribute levies for maintenance of the entire estate allowing residents to freely enjoy a swimming pool, BBQ areas, function room, tennis courts, playground and parkland. Enticingly, the complex also borders a magnificent 18-hole golf course.
This is a straightforward management rights operation with manageable duties, providing the opportunity to live and work within a safe, secure and very pleasant environment with superb recreational facilities.
The manager's home is a 3 bed, 2.5 bath, single garage townhouse with office attached. There are no set office hours.
The business is supported by a solid Body Corporate salary of $103,000. This income represents over 80% of Net Profit totalling $125,000. Fresh 10-year management agreements (Standard Module) will be guaranteed at settlement.
Sellers are genuinely motivated to move onto new opportunities and have priced the business at a 3.6 multiplier. Serious offers will be considered.
Business $455,000
Property $620,000

Property Details for Contact Agent For Address, Cornubia

Building Type
Commercial

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About Cornubia 4130

The size of Cornubia is approximately 14.9 square kilometres. It has 17 parks covering nearly 21.9% of total area. The population of Cornubia in 2011 was 6,833 people. By 2016 the population was 7,330 showing a population growth of 7.3% in the area during that time. The predominant age group in Cornubia is 40-49 years. Households in Cornubia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cornubia work in a professional occupation. In 2011, 83.5% of the homes in Cornubia were owner-occupied compared with 83.8% in 2016.

Cornubia has 2,974 properties. Over the last 5 years, Houses in Cornubia have seen a 82.42% increase in median value, while Units have seen a 140.36% increase. As at 31 October 2024:

  • The median value for Houses in Cornubia is $1,055,284 while the median value for Units is $770,896.
  • Houses have a median rent of $760 while Units have a median rent of $388.
There are currently 29 properties listed for sale, and 1 property listed for rent in Cornubia on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Cornubia.

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Jim Lowe
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