Townsville City, Queensland

Townsville permanent complex

SOLD

Business Description

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: SOLD Net Profit: $140,000 Remuneration / 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

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

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.