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Address available on request Merrimac, QLD 4226

Address available on request,
Merrimac, QLD 4226

Hotel, Motel & Leisure

Price information

Sale

$1,045,000

Key property information

Floor area

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2.18 Multiplier on the Gold Coast - ID 9166

  • 2.18 Multiplier
  • High Body Corporate Salary
  • Supportive Committee
Permanent Management Rights for Sale

What a Bargain!

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

- Is it real? Yes, absolutely!

- Anything wrong with the complex? None!

- How’s the Committee? Very supportive and cooperative!

- 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!

Call Bill He on 0439 288 9... NOW to secure it and avoid decades of regret.


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

Property Code: 895

Property ID: 504710280Last Updated: 14 Oct 2024

04392889...
realcommercial.com.au logo
Address available on request
Merrimac, QLD 4226
Management Rights Sales - QLD & NSW
170 Scarborough Street
SOUTHPORT, QLD 4215

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