Stafford, Queensland

Management Rights $852,535

Property Description

Level 1 Retirement Village Management Rights Income Unaffected by COVID 19 - 1P5002MR

. Income stream unaffected by COVID 19;
. Package includes: Residential lot + Dining Room lot + Business;
. Letting income supported linked to fortnightly pension ;
. NO hardship claims from any letting pool tenants;
. Long term agreements to November 2040;
. Experienced managers to assist with transition;
. Grow the letting pool;
. Get accreditation to raise the Care level to level 3;
. Contract guaranteed Body Corporate Salary currently 35% of the Net Profit;
. The best value Retirement Village on the market with a 3.25 multipler;
. Level 1 Care Retirement facility: provision of meals based on lunch and breakfast/light supper package options; accommodation.

TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 26
NET PROFIT $130,011

MANAGERS RESIDENCE : 3 Bedroom, 2 bathroom apartment

REAL ESTATE PRICE:
. Apartment - $370,000
. Dining Room/Office - $60,000
BUSINESS PRICE $422,535

TOTAL ASKING PRICE $852,535

Property Summary

Business Snapshot

Price: Management Rights $852,535 Net Profit: $130,011 Remuneration / Body Corp Salary: $45,766Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $430,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: RetirementTotal Units in Complex: 55Total Units in Letting Pool: 26Holiday Units: 26Owner Occupy Units: 14Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 years

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Stafford, Queensland 4053 Exact map location not provided

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