Type: FOR SALEProperty Features
Managers Accommodation Price: $ 840,000 for 2 townhomes
Nett Profit: $282,000 Excluding Rent Income
BC Remuneration: $ 141,354
Complex Features: Library, Games room (Pool Table, Indoor Bowls), Dining Room, Laundry
Manager`s Accommodation Bedrooms: 2 X 3 Bedrooms
Pets Allowed? Yes
Agreement Term: 25 years
Units in Letting Pool: 80
Location Location this is a well established business offering single pensioners all their meals on the Gold Coast.
Good income, which is increasing each year as rent is tied to pension increases.
**(Rental return after Rates/Levies/Sundry items etc is another roughly $30,000 giving a Total Income $310,000 if you live off site)
Business involves running a commercial Kitchen and you will be required to hold a Food Safety Certificate as well a Resident Letting License.
Opportunity as Management Rights Business is showing almost 30% return.
Long time owner is looking to move on will consider some vendor finance)
Managers apartments include 2 X 3 bedroom, 2 bathrooms, open plan air conditioned living, ensuite & large balcony with views to Gold Coast.
One of the managers' homes has Commercial Kitchen with Cool rooms downstairs, the other managers apartment has storage and commercial kitchenette & Dining room downstairs (Built 2006).
This is a fantastic opportunity for someone who has experience with Food service and managing staff.
Do not miss out on this business call now.
Call Agent David Manson
Mobile 0412 70 71 73
Phone: 0412 7****
Once you register as a Buyer you will be able to access all the phone details and many more features