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Address available on request Stafford, QLD 4053

Address available on request,
Stafford, QLD 4053

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Price information

Sale

Management Rights $852,535

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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 ID: 503558054Last Updated: 26 May 2020

0401 *** ***
Address available on request
Stafford, QLD 4053

Agency contacts

CRE Brokers - Australia
CRE Brokers - Australia
Unit 4, 10 Lakewood Boulevard
CARRUM DOWNS, VIC 3201
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Peter Sagner
CRE Brokers - Australia
Address available on request Stafford, QLD 4053

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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