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Retirement Village Mngmt Rights - 1p5002

Business for Sale
Stafford QLD

Level 1 Retirement Village Management Rights Income Unaffected by COVID 19.

Price $852,535

Retirement Village Mngmt Rights - 1P5002

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
. 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 multiplier;
. 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

Contact Seller

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Contact: Peter Ssagner
Phone: 07 5371 0165
Mobile: 0401 814 404
Bsale ID: 273322




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