- Asking $403,500 on MR Business with a Net Profit of $93,820 – 4.3 times multiplier
- Centrally located in the Leafy suburb of Capalaba, Brisbane Bayside
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Long agreement 24 years left on a 25 years accommodation module
- Great manager remuneration $71,607 with annual adjustment of CPI annually
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Small Letting Pool
- No real estate associated
- No requirement of residing onsite
- No office hour
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your private inspection with exclusive agent – David Jiang.