This complex consists of 6 buildings. Currently run by one owner with employees. All employee costs are in the expense area. P&L will pass all inspections. In fact current vendor has been extremely generous. You can buy just the Management Rights and live off sight or the Managers unit as well. It is up to you. The complexes are overlooking the marina and is arguably the best location in Mackay.
Unit is $469,000 Income is $371,500 Business is $1,308,500 Total is $$1,777,500 Income consists of $307,000 which is the main Management Rights and is at a multiplier of a very reasonable 3.8 The rest $64,500 is a rent roll next door to the Management Right by enlarge. This is at an even more reasonable multiplier of 2.2 This is how the cost of the business has been worked out. Please remember you don’t have to buy the managers unit if you don’t want to.
Please contact in the first instance Exclusive Agent Robert Collins on 0404678792 or robertc@raas.com.au

The complexes are together by four in one row and two in one row separated by one other building
Managers unit is extremely good and is available in the purchase. You can also buy the Management Right if you wish on their own. There is an office which is exclusive use available as well.The complexes are situated overlooking the Mackay Marina.This is a great location which can’t be surpassed.
Over 90% of units have ocean views