All information relating to the property and/or business conducted therein, whether given orally and/or in documents, including plans, agreements, income and expenses projected or actual, occupancy rates and the like is provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
78 units in complex
24 in letting pool
13 with outside agents
41 owner occupied
Letting pool avg annual management fee is $2500pa = $60k per year
Body Corp remuneration currently $130k inc.gst (will increase by CPI in April this year, so + another $10k inc.gst)
Net profit $170kpa
Managers unit (pics attached) is 120m2 ground floor 3 bdr, 2 bath, 2 balcony, 2 car space, with additional 18m2 EU secure storage area, and 5m2 office occupational authority, last valued by Aust Valuers for BOQ less than 6 months ago at $600,000.
$170k by 5x multiplier = $850k
Unit price = $600k
Total = $1.45m simply by the numbers
Most of the furniture/appliances I can include with the unit
24 in letting pool
13 with outside agents
41 owner occupied
Letting pool avg annual management fee is $2500pa = $60k per year
Body Corp remuneration currently $130k inc.gst (will increase by CPI in April this year, so + another $10k inc.gst)
Net profit $170kpa
Managers unit (pics attached) is 120m2 ground floor 3 bdr, 2 bath, 2 balcony, 2 car space, with additional 18m2 EU secure storage area, and 5m2 office occupational authority, last valued by Aust Valuers for BOQ less than 6 months ago at $600,000.
$170k by 5x multiplier = $850k
Unit price = $600k
Total = $1.45m simply by the numbers
Most of the furniture/appliances I can include with the unit
Profit & Loss Statement:
Caretaking & Letting Agreements:
| 1._moda_melton_-_caretaking___letting_agreements.pdf |
To make an offer, download the Offer Form:
| Offer Form |
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The information contained on this website has been uploaded by SIRE based on information supplied by the owners of the business for sale.
SIRE has not audited or otherwise confirmed this information and makes no representations, expressed or otherwise, regarding this information, and shall in no way be responsible for the content, accuracy and truthfulness of such information.
By requesting this business profile the recipient acknowledges their responsibility to perform a due diligence review prior to any acquisition of the subject business. Intending purchasers should satisfy themselves as to the truth and accuracy of all information by their own enquiries and should not rely only upon the information provided.
The information provided is to be used and accepted as a guide only. The Buyer acknowledges that it is the Buyer’s sole responsibility to verify and confirm all information contained in this document, and the Buyer furthermore resolves not to hold SIRE Brokers and/or its salespeople or authorised personnel responsible for its accuracy, including any liability or loss suffered by them in relation to the information contained in this
document.
LIABILITY DISCLAIMER
The information contained on this website has been uploaded by SIRE based on information supplied by the owners of the business for sale.
SIRE has not audited or otherwise confirmed this information and makes no representations, expressed or otherwise, regarding this information, and shall in no way be responsible for the content, accuracy and truthfulness of such information.
By requesting this business profile the recipient acknowledges their responsibility to perform a due diligence review prior to any acquisition of the subject business. Intending purchasers should satisfy themselves as to the truth and accuracy of all information by their own enquiries and should not rely only upon the information provided.
The information provided is to be used and accepted as a guide only. The Buyer acknowledges that it is the Buyer’s sole responsibility to verify and confirm all information contained in this document, and the Buyer furthermore resolves not to hold SIRE Brokers and/or its salespeople or authorised personnel responsible for its accuracy, including any liability or loss suffered by them in relation to the information contained in this
document.
