Management Rights - BOOVAL, QLD

BOOVAL, QLD

$590,000

Property Description

ASSISTED LIVING MANAGEMENT RIGHTS FOR SALE

The complex offered for sale is accredited by the Department of Housing and carries level 3 supported accommodation accreditation. Complex designed for residents are who are either on aged or disability pension.

There are 12 bed-sit single ensuite furnished rooms. All rooms are connected to the dining room and lounge area by an internal passageway.

The facility provides all meals on a daily basis to the residents. Meals are prepared onsite via the semi commercial kitchen that is licensed through the local council.

The current Manager elects to pay a cook but this part of the business could be easily carried out by a Management team on site.

Current Manager also elects to do routine maintenance and individual lots cleaning within reason and usually paid extra by the Body Corporate or the lot owners.

There is no requirement for the Manager to give medical assistance and care.

The Managers residence is a 1st floor 3 bedroom, 2 bathroom air-conditioned home above the residents dining/lounge area with a large North facing balcony. 2 covered car-parks go with the unit.

The location is second to none with shops, supermarkets, medical facilities and railway station all within walking distance and a bus stop at the gate.

The business and home would suit the couple or family looking for a solid business with an outstanding reputation who would like to contribute in helping to care for the vulnerable citizens of our community.

For more information on this property please contact Jim Prentice 0412 984 684 or E jimp@raas.com.au
Financial Overview

Body Corp Salary:
9555
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
5% or CPI (Greater of)
Net Profit:
$75,000
Manager's Unit Price:
$350,000
Management Rights Price:
$240,000
Letting Business

Est. Year Built: 1999
Total Units In Complex: 13


Inside Letting Pool

Permanent: 12
Holiday: 0
Corporate: 0
Total: 12

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 1
Total: 1

Number & Type In Letting Pool
Number Type Features
12 1 Bed Bedsit Units with ensuite Air condition, Ceiling Fan, Built-in robe.
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent $750 per fortnight. Includes rent, meals, cleaning & linen exchange
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: No
Office Software: Caretaker
Office Hours: None specified
Storage: Enough
Office Computer: No
Module: Accommodation
Agreement Term: 25 years
Years To Run: 25 years from November 2017
Manager's Unit Description: 1st floor air conditioned, 2 bathroom unit with balcony and 2 covered car parks. Open plan living area opens out onto large north facing balcony. New Mitsubishi air conditioners fitted to unit, living area and master bedroom. Repainted entire unit ceilings to floor to all rooms and bathrooms. New carpets laid in bedrooms New plank flooring to living, dining, kitchen and hall way. New ceiling fans and light fittings to all rooms. New curtains and window dressing to all windows. New high end appliances, Asko washing machine, new Asko dishwasher, new Bosch cook top, range hood and oven.

Facilities

Pool: No
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: No
Wireless: Yes

Other Facilities: Location. Shops, supermarket & railway station all within walking distance. Bus stop at the gate. Level III certified kitchen for preparing resident's meals and is separate to the manager's unit.
Government approved Service Provider accommodation complex.
Body Corporate pays electricity usage.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent

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