Key Investment Insights
AI generated. Confirm details with the seller.
1. Listed as a 3.3 times multiplier management rights business, asking price $1,383,800 in total.
2. Verified net income of $248,117 MR, verified by an industry specialist accountant to March 2025.
3. Manager lot valued at $565,000 by an industry specialist valuer in January 2024.
4. Manager residence is a two bedroom, one bathroom unit with an office on title.
5. Retirement permanent management rights for an over 55s complex, implying stable resident base.
6. Low caretaking workload, role mainly oversight, with a lunch and hot meal provided and additional help available.
7. Very supportive body corporate relationship, indicating smoother operational management.
8. Low-maintenance grounds, no gate, no gym, no pool or spa, no BBQ, reducing operational costs and responsibilities.
9. Strong location appeal in Chermside, Brisbane NorthSide, described as best value in the area.
10. Immediate local amenities: 100 metres to the aquatic centre, 50 metres to Kedron Wavell Services Club, 300 metres to Westfield Chermside.
11. High local catchment, 98 school options within 5 kilometres, supporting long-term area demand and services.
12. Attractive investor returns and income terms, quoted remuneration $71,768 with annual CPI increases, and an indicated 18% return on investment.