Stafford, Queensland

Level 1 Retirement Village Management Rights Income Unaffected by COVID 19 - 1P5002MR

SOLD

Business Description

. Income stream unaffected by COVID 19;
. Package includes: Residential lot + Dining Room lot + Business;
. Letting income supported linked to fortnightly pension ;
. NO hardship claims from any letting pool tenants;
. Long term agreements to November 2040;
. Experienced managers to assist with transition;
. Grow the letting pool;
. Get accreditation to raise the Care level to level 3;
. Contract guaranteed Body Corporate Salary currently 35% of the Net Profit;
. The best value Retirement Village on the market with a 3.25 multipler;
. Level 1 Care Retirement facility: provision of meals based on lunch and breakfast/light supper package options; accommodation.

TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 26
NET PROFIT $130,011

MANAGERS RESIDENCE : 3 Bedroom, 2 bathroom apartment

REAL ESTATE PRICE:
. Apartment - $370,000
. Dining Room/Office - $60,000
BUSINESS PRICE $422,535

TOTAL ASKING PRICE $852,535

Business Summary

Business Snapshot

Price: SOLD Net Profit: $130,011 Remuneration / Body Corp Salary: $45,766Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $430,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: RetirementTotal Units in Complex: 55Total Units in Letting Pool: 26Owner Occupy Units: 14Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 years

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane
Marketing Agent

Key Investment Insights

1. The income stream for this business has been unaffected by the COVID-19 pandemic, making it a stable investment opportunity.
2. The package includes a residential lot, dining room lot, and the business itself, providing multiple sources of income.
3. The letting income is supported by fortnightly pension payments, reducing the risk of late or missed payments.
4. There have been no hardship claims from any tenants in the letting pool, indicating a stable and reliable tenant base.
5. The business has long-term agreements in place until November 2040, providing security and stability for the new owner.
6. Experienced managers are available to assist with the transition, making it easier for the new owner to take over the business.
7. There is potential to grow the letting pool, increasing the income and profitability of the business.
8. The business has the opportunity to obtain accreditation to raise the care level to level 3, potentially increasing the value and income of the business.
9. The contract guarantees a body corporate salary, which currently accounts for 35% of the net profit.
10. This retirement village is considered the best value on the market, with a 3.25 multiplier, making it an attractive investment opportunity.
11. The business is a level 1 care retirement facility, providing meals and accommodation options for residents.
12. The total number of units in the complex is 55, with 26 units in the letting pool.
13. The net profit for the business is $130,011.
14. The manager's residence is a 3 bedroom, 2 bathroom apartment.
15. The real estate prices for the apartment and dining room/office are $370,000 and $60,000 respectively.
16. The total asking price for the business and real estate is $852,535.

Management Rights Multiplier: 3.25
ROI Estimate: 30.77%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Price reduction for quick sale! Business-only Management Rights $178k Net | Resort Brokers ID : MRB007834
ResortBrokers
Price reduction for quick sale! Business...

EVERTON PARK

Under Contract / Offer

Net Income: $162,623
Managers Estate: - - Bed - Bath
Letting Pool: 36
Remuneration: $64,410

INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE W/ $163K NET PROFIT | Resort Brokers ID : MRB007783
ResortBrokers
INVESTOR-LED BUSINESS ONLY MLR COMPLEX...

WINDSOR

$882,506

Net Income: $163,427
Managers Estate: - - Bed - Bath
Letting Pool: 54
Remuneration: $76,500

Strong Trading Well Presented Caravan Park on The Tablelands - 1P5799CP
Wanaka True Lifestyle Town - 13 Unit Motel
Rare Investment Opportunity - 1048CPI
HIGH NET PERMANENT BUSINESS OFFERING EXCEPTIONAL RETURNS | Resort Brokers ID : MR008351
Unique FHGC! 250 ha offering multiple income streams + room for growth | Resort Brokers ID : FH008293
Substantial regional leasehold motel with 35% ROI | Resort Brokers ID : LH008336
*** REDUCED PRICE **** Year Round Beach Sanctuary - Management Rights
Great First Timer Leasehold Motel - 1916ML
Terrific Holiday Resort Overlooking Far North Queensland's Finest Beach Location
WELL PERFORMING MOTEL WITH OUTSTANDING DEVELOPMENT POTENTIAL
Unlock Dual incomes with Two Caretaking-Only Complexes in inner Brisbane
Premium Motel - 27 Units - Must Sell - $400k+ N.P.
BUSINESS ONLY DUO IN HOT INVESTMENT AREA OFFERS GREAT INCOME & WORK FLEXIBILITY | Resort Brokers ID : MRB008324
PRIME PICK! SLICK AND WELL-RUN PERMANENT MLR WITH 24 YEAR TERM & $200K P.A. | Resort Brokers ID : MR008353
Nobby’s Beach Cafe Lease For Sale
Lot 10, Lake Drive Land For Sale In A High Country Golf Resort
Unique FHGC with significant land holding + opportunities to amplify revenue | Resort Brokers ID : FH008348
Best priced business in Queensland, boasting a $301k net profit and large ROI | Resort Brokers ID : MR008347