Clermont, Queensland

Low Multiplier with GREAT Return with 150k Net Profit!

$835,000

Property Description

• Well established long term business.
• Not required to live onsite.
• 25 years agreement term with 23 years remaining.
• Reasonable size business for a two person management team.
• In a good location for letting, being nearby several mines, public school, retails and industries.
• Good size managers unit for a family.
• Currently a local manager is working as caretaker and would like to stay
• Great to purchase as an solid investment

Property Summary

Business Snapshot

Price: $835,000 Net Profit: $152,743 Remuneration / Body Corp Salary: $97,139Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 81Total Units in Letting Pool: 52Permanent Units: 52Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes
Marketing Agent
Grace Pang
Grace Pang

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

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