Level 1 Retirement Village Management Rights Income Unaffected by COVID 19 - 1P5002MR

. Income stream unaffected by COVID 19;
. Package includes: Residential lot + Dining Room lot + Business;
. Letting income supported linked to fortnightly pension ;
. NO hardship claims from any letting pool tenants;
. Long term agreements to November 2040;
. Experienced managers to assist with transition;
. Grow the letting pool;
. Get accreditation to raise the Care level to level 3;
. Contract guaranteed Body Corporate Salary currently 35% of the Net Profit;
. The best value Retirement Village on the market with a 3.25 multipler;
. Level 1 Care Retirement facility: provision of meals based on lunch and breakfast/light supper package options; accommodation.

TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 26
NET PROFIT $130,011

MANAGERS RESIDENCE : 3 Bedroom, 2 bathroom apartment

REAL ESTATE PRICE:
. Apartment - $370,000
. Dining Room/Office - $60,000
BUSINESS PRICE $422,535

TOTAL ASKING PRICE $852,535