Property Description

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