About the Business

A thriving retirement village property management business is currently on offer with 18 individually owned units just 200 meters from a bustling shopping centre. It is a straightforward and lucrative venture for a new owner seeking a stable and profitable business.

*Prime Location
*Retirement Village with 18 Units.
*On-Site Caretaker
*Only 200 Meters from a Busy Shopping Centre
*Lucrative Average Unit Sale Fee of $60,000 when a unit changes ownership.
*Sale Includes a $400,000 Unit occupied by caretaker
*Great Passive Income

Comprising 18 units and strategically positioned just 200 meters from a bustling shopping centre, this turnkey business offers an excellent opportunity for a motivated investor. The property has an on-site caretaker, who not only oversees operations but also resides in one of the units, providing an added layer of security and convenience.

The business enjoys a strategic position within a vibrant neighbourhood. The proximity to medical services and public transport adds to the allure. The premises, featuring 18 units, a spacious common room and a host of amenities including a kitchen, lounge, toilet facilities, BBQ area and patio, ensure a pleasant living experience for residents.

The business boasts a valuable array of assets, including one individually owned unit valued at $400,000 unit included in the sale. This unique offering provides a substantial foundation for a prospective new owner looking to capitalise on existing value and tap into a well-established market.

The retirement village property presents a significant revenue stream where a fee is charged to every unit holder when it is sold. The on-site manager looks after the property and all unit holders pay for this service through monthly body corp payments. New ownership has the opportunity to further enhance the community experience and capitalise on the rising property market in the area, as one unit is being sold as part of the sale.

Listing ID: ME02787
Broker: Gerry Morelli
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au
Ref: ME02787
Timestamp: 20240312083834