Brassall Retirement Village. very low multiplier
$2,320,000
Retirement Management Rights, BRASSALL QLD
Retirement Village Opportunity: Situated on a 25-year agreement with 9 years remaining, this retirement village presents a unique opportunity for a new manager.
Top-Up Possibility: The new manager will have the opportunity to obtain a top-up agreement.
Additional Units Available: The current owner owns 8 units not included in the unit count or the Profit and Loss statement. These units are available for sale at market price or for rent until sold.
Diverse Revenue Streams: Revenue sources include NSID, Catering, Body Corporate (BC) Salary, and rental income.
Comprehensive Expense Coverage: All expenses, including wages, are included.
Flexibility in Residence: It is not mandatory to live on-site, and units can be rented out.
Facilities Included: The property features a kitchen, dining room, 2-bed 2-bath unit, office, and all necessary equipment for kitchen operation, cleaning, and gardening.
Long-Term Ownership: The current owner, with 15 years of ownership, is selling due to commitments elsewhere.
For further inquiries, please contact Robert Collins, Exclusive Agent, at 78 792 or via email at .
More Information
- Total Purchase Price: $2,320,000
- Net Income: $ 542,116
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.4
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?