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Price Reduced Boutique permanent...Only 2.9 Multiplier, ideal for retiree young family or first timer

$549,000

Runaway Bay, Queensland

Price Reduced Boutique permanent...Only 2.9 Multiplier, ideal for retiree young family or first timer

This is a very low multiplier on the business and represents excellent value for an attractive business in such a desirable location..... Well presented security gated complex in Runaway Bay. Only 18 townhouses in this complex and minimal common areas to maintain. The managers apartment is situated at the rear of the complex and has been fully refurbished to a high standard. It has excellent indoor / outdoor flow with spacious alfresco entertaining areas. A large light filled townhouse that presents like new and with plenty of fenced rear yard plus storage sheds. Pet friendly. Currently managed by one person. A great complex for a first timer to the industry or an excellent retirement income for those looking to down size. Net profit $44,000 Townhouse $419,000 management Rights $130,000. Total Price $549,000. To arrange an inspection or to receive additional information please contact the agent. Anna Liu 0421 794 797
anna@raas.com.au

Features

Business Snapshot

  • Price: $549,000
  • Net Profit: $44,000

Managers Unit

  • Value of Managers Apartment: $419,000
  • Bedrooms: 3

Complex Information

  • Complex Type: Permanent
  • Total Units in Complex: 18
  • Total Units in Letting Pool: 9
  • Holiday Units: 9
  • Owner Occupy Units: 9
  • Agreement Term Remaining: 18 years

Business Links / Tools

Last updated: 3rd June 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 Runaway Bay
State
 Queensland
Price
$549,000
Category
  • Management Rights
  • Property/Real Estate

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