Overview
This retirement village management area is highlighted by its excellent management and strong returns, offering a unique investment and lifestyle opportunity. The manager's residence is a standalone house featuring three well-maintained bedrooms, two bathrooms, and two separate garages providing ample parking.
Within this community of only 20 units, the ease of renting is a significant advantage, complemented by comprehensive surrounding facilities that cater to residents' needs. The property is secured by a 25-year contract, with 23 years remaining, ensuring stability and long-term value. The current manager, who has served for more than five years, has fostered a positive relationship with the body corporate, contributing to the smooth operation of the village.
This opportunity is ideal for those looking to acquire a beautiful home while simultaneously managing a business without substantial initial investment. The manager's residence is valued at $500,000, and the business is priced at $350,000, which represents an attractive multiple of only 3.5 times. The combined price for the management rights totals $850,000, yielding an annual income exceeding $120,000.
Given the competitive market, this value-driven offering is rare and unlikely to be available for long. Prospective buyers are encouraged to arrange a viewing promptly to explore this attractive business and lifestyle combination further.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Morningside QLD 4170
Market Insights for Morningside QLD 4170
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