FOR SALE
$1,135,000

Contact Agent For Address
Helensvale QLD 4212

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NO REQUIREMENT TO LIVE ONSITE - QUALITY APARTMENTS

We have the pleasure of offering this attractive residential Management Rights business to the market.
Body Corporate Salary of $98,000 plus GST, increasing by CPI yearly. Caretaking salary represents over three quarters of total net income with the opportunity for motivated incoming manager to bring up to 15 outside agents onsite rentals into the letting pool. Plenty of upside for a significant boost in net income here!
This is a straightforward to business, with sole operator currently managing both caretaking and letting duties.
Residents benefit by being only a ten-minute stroll to Westfield Helensvale, train and tram station. This is an awesome location, where a car is not essential. Other features of this offering include:
• Onsite swimming pool & BBQ facilities
• Secure parking space and storage in basement
• Catchment areas of Helensvale Primary School and Helensvale State High
Manager's apartment is a modern 2-bedroom, 2-bathroom, 1-car residence. Presently this apartment is leased out at approximately $28,600 p.a. This income is in addition to that shown as business net profit.

Property Details for Contact Agent For Address, Helensvale

Building Type
Commercial

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About Helensvale 4212

The size of Helensvale is approximately 21.6 square kilometres. It has 62 parks covering nearly 27.7% of total area. The population of Helensvale in 2011 was 15,987 people. By 2016 the population was 16,844 showing a population growth of 5.4% in the area during that time. The predominant age group in Helensvale is 40-49 years. Households in Helensvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Helensvale work in a professional occupation. In 2011, 76% of the homes in Helensvale were owner-occupied compared with 74.7% in 2016.

Helensvale has 8,210 properties. Over the last 5 years, Houses in Helensvale have seen a 95.56% increase in median value, while Units have seen a 95.57% increase. As at 30 September 2024:

  • The median value for Houses in Helensvale is $1,202,706 while the median value for Units is $701,815.
  • Houses have a median rent of $980 while Units have a median rent of $673.
There are currently 73 properties listed for sale, and 22 properties listed for rent in Helensvale on OnTheHouse. According to CoreLogic's data, 398 properties were sold in the past 12 months in Helensvale.

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