UNDER CONTRACT - Retirement Village Management Rights in the absolute Heart of Meadowbrook- 1P4400MR
Providing meals and a comfortable home to pensioner residents, Westminster House Meadowbrook is a low level care supported residential facility.
Centrally located and within walking distance to all of Meadowbrook's local essential facilities: Woolworths; IGA; Meadowbrook Shopping Village; TAFE College; Logan Hospital (recently upgraded); Logan campus of Griffith University. Surrounding the Hospital and adjacent TAFE college is a large residential area serviced by shopping and restaurants and fast food conveniences. The Loganlea State High School is located across the Railway line and Meadowbrook falls within the catchment area for this well-established school, boasting a proud academic and sporting history of achievement from its' students in attendance.
Employment opportunities abound in the industrial precinct to the west of Meadowbrook. The Loganlea Golf Course is nearby for the essential recreation and relaxation. The numbers are strong with a 25% return on the total package price.
TOTAL NUMBER OF UNITS : 40
UNITS IN LETTING POOL : 33
MANAGERS RESIDENCE : Three bedrooms, two bathrooms stand-alone house.
NET PROFIT : $140,000
REAL ESTATE PRICE : $300,000
BUSINESS PRICE : $200,000
TOTAL ASKING PRICE : $500,000
Managers UnitValue of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Complex InformationComplex Type: RetirementTotal Units in Complex: 40Total Units in Letting Pool: 33Permanent Units: 33Owner Occupy Units: 3Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 6 years
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS