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Accommodation & Tourism business for sale in Griffin

  • Accommodation & Tourism
  • Griffin QLD 4503
  • Management Rights $2,430,000

Management Rights With Large Income In The Booming North Lakes Area - 1p4732mr

CRE Brokers are pleased to list, as Exclusive Agents, the chance for a buyer to purchase the caretaking and letting agreements for two complexes and one Manager's residence.

Both complexes are under 5 years old, built by the same developer and comprise a total of 114 townhouses of which 105 are in the Manager's letting pool. The caretaking salary is in excess of $148,000 with a CPI increase in February and November annually. The current net income of $376,000 is both sustainable and still showing signs of growth.

The Manager's free standing townhouse has four bedrooms, 2.5 bathrooms, study, two car garage and office. Extra parking available. An ideal home based business for the family.

TOTAL NUMBER OF UNITS: 114
UNITS IN LETTING POOL: 105

NET PROFIT: $376,000
REAL ESTATE PRICE: $470,000
BUSINESS PRICE: $1,960,000
TOTAL ASKING PRICE: $2,430,000

Business Highlights

Business ID2016038596
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Last updated  29 Jan 2020
Map for Griffin QLD 4503
Map for Griffin QLD 4503Griffin QLD 4503
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201
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