Retirement Village Management Rightsâ Exceptional Opportunity

$1,790,000

Retirement Management Rights, BRASSALL QLD

An outstanding opportunity has arisen to acquire the management rights of a well-established retirement village in Brassall. This business is situated on a secure 25-year agreement with 9 years remaining, offering long-term stability and income potential. The current owner possesses 8 additional units not included in the unit count or Profit and Loss statement. These units are available for sale at market price or can be rented out until sold, presenting a significant opportunity for increased revenue. All expenses, including wages, are covered, ensuring a streamlined financial operation.

The property includes a kitchen, dining room, 2-bedroom, 2-bathroom unit, office, and essential equipment for kitchen operations, cleaning, and gardening. On-site living is optional; units can be leased out, offering flexibility for the new manager.

Situated in a desirable location, this retirement village offers a peaceful and supportive environment for residents, with access to essential amenities and services.

**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

More Information

Financial Overview

Total Purchase Price: $1,790,000
Net Income: $ 542,116 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 1.6
_{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.}

Letting Business

Letting Pool: 9
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 51
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 60
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 109,090
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: This is a retirement village on a 25 year agreement with 9 years to run. New manager will be able to get top up. Current owner owns 8 units which have not been included in ether the unit count or the P&L. These will be sold at market or you can rent on owners behalf until sold. There is NDIS, Catering, BC Salary&rental income. All the expenses are included including wages. Not compulsory to live on site, unit can be leased.0