Brassall, Queensland

Under Contract / Offer

Property Description

2.3x! Is this the lowest multiplier in SEQ? | Resort Brokers ID : MR005844

Owner wishes to retire and therefore is selling this business at one of the lowest multipliers seen in the South East for some time. In what is a true "one man band" type of operation, this complex has real estate to purchase but no requirement to live onsite which means you can rent out the residence and earn an extra income. A modest net profit of $57k and all the best caretaking equipment including ride on lawn mower, this complex is a great semi-retirement option or an add on for those in the area.

  • 42 units in the complex

  • One man operation working part-time

  • Unit can be rented out

  • Full-term 25-year agreements

  • $57k net profit

  • $49k BC salary

  • 2.3x Multiplier!

  • Property inspections are by appointment only

Date updated: 06 Dec 2019 23:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $57,065 Remuneration / Body Corp Salary: $49,082

Managers Unit

Value of Managers Apartment: $175,000Bedrooms: 2Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 13Outside Agent Units: 13Agreement Term Remaining: 25 years

Marketing Agent

Marketing Agency


Nathan Eades


Listing Tools

Property Map

Map Location ( get directions )

Brassall, Queensland 4305 Exact map location not provided

Similar Properties