Griffin, Queensland

Price reduced - sub 5x multiplier for large scale permanent townhouse complex | Resort Brokers ID : MR006498

Under Contract / Offer

Property Description

Ideal permanent established management rights businesses with high net income that would suit a husband & wife operator or a management team. The complexes offer affordable townhouses that are extremely attractive to tenants and are always in high demand.



  • 114 units across the two complexes producing a solid $382,120 net income

  • 99 units in the letting pool with some outside agents to lure back offering upside

  • Griffin Outlook features 100% investor profile and extremely low caretaking workload, an ideal 37 unit add on!

  • Both complexes developed by Usher

  • Manager friendly agreements and caretaking equipt owned and serviced by the BC

  • Low rents make for high occupancy and your pick of quality tenants

  • Very reasonable multiplier for permanent management rights of this size and scale with 15.5% plus ROI

  • Property inspections are by appointment only

Date updated: 05 Aug 2021 13:00:05

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $357,356 Remuneration / Body Corp Salary: $151,493

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 4Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 99Holiday Units: 99Owner Occupy Units: 6Outside Agent Units: 7Agreement Term Remaining: 25 years
Marketing Agent
Listing location
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