A MULTIPLIER OF ONLY 3.4! Two Wonderful Mermaid Beach Complexes in One!
Management rights for two sites in beautiful Mermaid Beach just a block and a half from the ocean. The manager's unit is very spacious, beautifully presented, fully renovated with two large bedrooms plus office. A modern kitchen with stone bench-tops looks over the open plan living and dining areas. It is one of the best maintained and comfortable manager's units on offer.
There are 13 units in the letting pool out of the total 36 units. This is a very easily managed business with a large lifestyle component and offers an excellent opportunity.
A huge bonus to this business is the care taking of a third building which generates $8,000 over and above the net profit figure.
Net profit: $70,000
Managers Apartment: $560,000
Management Rights: $238,000
Total Price: $798,000