Location:

MERRIMAC, QLD

Price:

$1,840,000

Enquire Now

Well Established Business

Type: FOR SALE

Property Features
  • Category : Retail, Hotel/Leisure

Property Description

Price: $1,840,000

Managers Accommodation Price: $ 840,000 for 2 townhomes

Nett Profit: $282,000 Excluding Rent Income

BC Remuneration: $ 141,354

Location: Merrimac

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

Email **@**



Amenities




  • Parking Spaces Included 2

  • Air Conditioning Yes

  • Tile Floor Yes

  • Family Rec Room Yes

  • Laundry Area - Inside Yes

  • Balcony/Deck/Patio Yes

  • Yard Yes

  • Property Type Management Rights


Property Agent

Advert Id:9212

Name:David Manson

Phone: 0412 7****

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