First time for sale in 7 years.
Income $140000
Unit $432000
Business $546,000
Total $978,000
Less than a 4 multiplier ( 3.9) with 23 years to run
Just reduced by $32,000
Please contact Robert Collins Exclusive Agent on ---------- or ----------
Business Summary
Business Snapshot
Price: SOLDNet Profit: $140,000Remuneration / Body Corp Salary: $120,354
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2
Complex Information
Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 12Owner Occupy Units: 33Outside Agent Units: 9Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 years
1. Permanent complex in Townsville for sale for the first time in 7 years.
2. Income of $140,000 per year.
3. Unit is priced at $432,000 and the business at $546,000, for a total of $978,000.
4. The sale price is less than a 4 multiplier (3.9) and there are 23 years remaining on the agreement.
5. The price has been recently reduced by $32,000.
6. Contact Robert Collins, the exclusive agent, for more information.