In Qld's fastest growth corridor, this is a Retirement Village Management Rights business - 1P5119MR
CRE Brokers are pleased to provide to the market this large Retirement Village Management Rights, with its highly secure income, and excellent reputation.
The biggest and best of this form of business to be available for some years is a commercial gift for the serious operator.
. Located just 24 km from the Brisbane CBD and 57 km from the Gold Coast;
. Equivalent to a 15% Return On Investment Freehold Going Concern Business;
. Income secured by Body Corporate Salary and the transfer payment system;
. Opportunity to grow the business by 15%;
. Training prior to take over.
TOTAL NUMBER OF UNITS : 84
UNITS IN LETTING POOL : 62
MANAGERS RESIDENCE : Master Bedroom with ensuite and bath, additional 2 bedrooms plus shower and toilet, 2 living areas including lounge, dining and kitchen, plus office reception.
NET PROFIT : $ 280,000
REAL ESTATE PRICE : $310,000
BUSINESS PRICE : $1,600,000
TOTAL ASKING PRICE : $1,910,000
Price: Management Rights $1,910,000
Net Profit: $280,000 Remuneration / Body Corp Salary: $71,094Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $310,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: RetirementTotal Units in Complex: 84Total Units in Letting Pool: 62Permanent Units: 62Owner Occupy Units: 6Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsGames Room: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS