2.18 Multiplier on the Gold Coast - ID 9166

$1,045,400

Permanent  Management Rights for Sale

Genuine Retirement

 

 

- Super low multiplier of only 2.18 on the Gold Coast.

- Is it real? Yes, absolutely!

- Anything wrong with the complex? None!

- What about the agreement term? Full term!

- Reason for sale? Genuine retirement of a senior couple after 21 years of running this stable and wonderful business.

- No set office hours – work at your own pace.

- All permanent rentals with a very low letting pool percentage, only 19 units.

- High body corporate salary of around $100,000 plus GST, making up more than 70% of total net income. Net operating profit is $137,535.

- Two-bedroom manager’s townhouse in very good condition, equipped with air conditioning, fans, 1 bathroom, 1 extra toilet, 1 garage, and 2 outside car spaces.

- Large, beautiful front and back courtyards on title.

- Two-way office attached on title, with potential to convert into a 3rd bedroom.

- Total asking price: only $1,045,000 (includes a well-maintained 2-bedroom manager’s townhouse).

 

This is a once-in-a-decade opportunity on the Gold Coast that bargain hunters can’t afford to miss!

 

 


Net Profit:  $137,535 

Asking Price: $1,045,000

(Inclusive of Managers Real Estate)

 

 

 

For further information or to arrange an inspection of this business opportunity contact: 


Management Rights Broker

 

Bill He

 

 

Price $1,045,400
Location Merrimac
Property ID 9166

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