MANAGEMENT RIGHTS IN THE BOOMING NORTH LAKES AREA
- 1P4732MR

Industry: Accommodation/Tourism - All | Listed by: CRE Brokers
Key Strengths
About this business
CRE Brokers are pleased to list, as Exclusive Agents, the chance for a buyer to purchase the caretaking and letting agreements for two complexes and one Manager's residence.

Both complexes are under 5 years old, built by the same developer and comprise a total of 114 townhouses of which 106 are in the Manager's letting pool. The caretaking salary is in excess of $142,000 with an annual CPI increase. A net income of $370,000 has been provided by an Industry Accountant for your peace of mind.

The Manager's free standing townhouse has four bedrooms, 2.5 bathrooms, study, two car garage and office. Extra parking available.

TOTAL NUMBER OF UNITS: 114
UNITS IN LETTING POOL: 106

NET PROFIT: $370,000
REAL ESTATE PRICE: $470,000
BUSINESS PRICE: $1,998,000
TOTAL ASKING PRICE: $2,468,000
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Business Name / Ref #:
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Location:
Griffin
QLD
Asking Price:
$2,468,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
Trading Hours:
Website:
Contact Details:
0412 98.....
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Advertiser Details

Specialist business & property agents & valuers dedicated to the tourism & leisure sector
Location: 5 Jarrah Drive
Braeside, Victoria
3195, Australia

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MANAGEMENT RIGHTS IN THE BOOMING NORTH LAKES AREA - 1P4732MR ListingImage
About this business
CRE Brokers are pleased to list, as Exclusive Agents, the chance for a buyer to purchase the caretaking and letting agreements for two complexes and one Manager's residence.

Both complexes are under 5 years old, built by the same developer and comprise a total of 114 townhouses of which 106 are in the Manager's letting pool. The caretaking salary is in excess of $142,000 with an annual CPI increase. A net income of $370,000 has been provided by an Industry Accountant for your peace of mind.

The Manager's free standing townhouse has four bedrooms, 2.5 bathrooms, study, two car garage and office. Extra parking available.

TOTAL NUMBER OF UNITS: 114
UNITS IN LETTING POOL: 106

NET PROFIT: $370,000
REAL ESTATE PRICE: $470,000
BUSINESS PRICE: $1,998,000
TOTAL ASKING PRICE: $2,468,000

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

$2,468,000

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