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Management Rights Central Qld Business For Sale #9142

$1,900,000 WIWO

Rockhampton City, Queensland

Management Rights Central Qld Business For Sale #9142

This unique management rights business has a 99% occupancy rate all year round, based on the location of the business and its tenants.

The business is located in the Australian beef capital where 457 tenants are on visas and employed by the meatworks. The meatworks contact the managers directly to house their workers, paying the first 2 weeks rent and bond.

The townhouse complex is double story, with bedrooms and bathrooms upstairs and living/dining, kitchen and laundry downstairs.

There are private courtyards in the back and front of the townhouses, with privacy fencing between each residence.

This is a resort style complex set over 3 hectares of landscaped tropical gardens.

The premises has a beautiful pool and barbeque area in the middle, with the units radiating out from that area and is easily accessible for everyone living in the complex.

There are undercover car parks for each unit, and ample parking for boats and trucks in a fully secure Complex. There is also a car wash area available for tenants.

The business:

* 46 x 2 bed, 23 x 3 bed, 1 x 1 bed and Laundromat
* Separate freehold office block (with upstairs rented as a 1 bed unit)
* New 15 + 10 Year agreement
* Great opportunity to purchase a tightly held business as sellers are moving on after 16 years
* Large security gated complex comprising of 70 units of which 54 are in the letting pool (3 live in owners, 4 managed by owners, 3 outside agents)
* High Body Corporate salary of over $147,000 + CPI (Nov)
* Easily managed complex 5 day a week
* Massive room for growth into extra income streams (selling of owner's units)
* No set office hours
This business ticks all the boxes stable long-term management, high Body Corporate salary, long agreements, large sinking fund.
The Managers Freehold Properties:
* Large 44 sqm modern double story comfortable freestanding home (away from complex) 4 bedroom, 2 bathroom with generous outdoor living space and extra parking
* Large attached office on title
* Excellent facilities including pool, half basketball court, BBQ area
* Popular rental location ensures units are sought after and vacancies are rare

The location:

The Tropic of Capricorn is a unique address centred in Australia's meat capital and the Capricorn region is home to many unique places, experiences and people.
There are a multitude of things that you'll never find anywhere else. Rivers and streams to fish, Barramundi to catch in the Fitzroy River, wetlands and lagoons to explore. National Parks ranging from the deep green of the tropical rainforest, hidden fern gullies or the fascination of massive eucalypt forests with grove of 'bottle' trees, or better yet, enjoy the rich greens of many golf courses in this beautiful Capricorn Region.

Price breakdown:

Net Profit - $161,500
Owners Properties - $425,000 4 bed residence and,
Office and 1 bed unit $625,000
Business $1,050,000

Asking price: $1,900,000 (NEG)

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 9142
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Simone Simpson| E: simone@absbrisbane.com| P: 0429 988 104
Head Office | P: 07 3368 4010| E: reception@absbrisbane.com
Business Features / Snapshot

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Managers Unit

    Complex Information

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    Last updated: 5th October 2018

    Summary

    Property Type
    Business
    Contract Type
    For Sale
    Location
     Rockhampton City
    State
     Queensland
    Price
    $1,900,000 WIWO
    Category
    • Management Rights

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    Agency

    ABS Business Sales - Brisbane

    ABS Business Sales - Brisbane

    Contact

    Simone Simpson