Price reduced - sub 5x multiplier for large scale permanent townhouse complex | Resort Brokers ID : MR006498
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: 13 May 2021 13:00:05
Price: Under Contract / Offer
Net Profit: $357,356 Remuneration / Body Corp Salary: $151,493
Managers UnitValue of Managers Apartment: $425,000Bedrooms: 4Bathrooms: 2Office: On Title
Complex InformationComplex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 99Holiday Units: 99Owner Occupy Units: 6Outside Agent Units: 7Agreement Term Remaining: 25 years