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In the Heart of Spring Hill

$2,020,000

Spring Hill, Queensland

In the Heart of Spring Hill

This is a well established corporate complex in the heart of Spring Hill
Minimal duties and if you wish can be run by one person.
P&L has been done by MR accountant and income is on the increase after Covet. Managers wish to retire and the multiplier is under 5. There is 21 yeas to run of 25 year agreement.
This complex ticks many boxes
Upside
Ease of operation
Very reasonable BC committee
Well worth a look.
Income $308,000
Unit $495,000
Business $1,525,000
Total $2,020,000
Please contact Robert Collins Exclusive Agent on 0404678792 or robetc@raas.com.au

Features

Business Snapshot

  • Price: $2,020,000
  • Net Profit: $308,000

Managers Unit

  • Value of Managers Apartment: $495,000
  • Bedrooms: 2

Complex Information

  • Complex Type: Corporate
  • Total Units in Complex: 53
  • Total Units in Letting Pool: 25
  • Holiday Units: 25
  • Owner Occupy Units: 18
  • Agreement Term: 25 years
  • Agreement Term Remaining: 22 years

Business Links / Tools

Last updated: 22nd January 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Spring Hill
State
 Queensland
Price
$2,020,000
Category
  • Management Rights
  • Property/Real Estate

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