FOR SALE
$2,320,000

1 Wellington Street
Brassall QLD 4305

Bedrooms: -
Bathrooms: -
Car spaces: -
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Brassall Retirement Village. very low multiplier

Retirement Village Opportunity: Situated on a 25-year agreement with 9 years remaining, this retirement village presents a unique opportunity for a new manager.
Top-Up Possibility: The new manager will have the opportunity to obtain a top-up agreement.
Additional Units Available: The current owner owns 8 units not included in the unit count or the Profit and Loss statement. These units are available for sale at market price or for rent until sold.
Diverse Revenue Streams: Revenue sources include NSID, Catering, Body Corporate (BC) Salary, and rental income.
Comprehensive Expense Coverage: All expenses, including wages, are included.
Flexibility in Residence: It is not mandatory to live on-site, and units can be rented out.
Facilities Included: The property features a kitchen, dining room, 2-bed 2-bath unit, office, and all necessary equipment for kitchen operation, cleaning, and gardening.
Long-Term Ownership: The current owner, with 15 years of ownership, is selling due to commitments elsewhere.
For further inquiries, please contact Robert Collins, Exclusive Agent, at 0404 678 792 or via email at robertc@raas.com.au.

Property Details for 1 Wellington St, Brassall

Building Type
Commercial

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About Brassall 4305

The size of Brassall is approximately 8.2 square kilometres. It has 18 parks covering nearly 9.3% of total area. The population of Brassall in 2011 was 9,245 people. By 2016 the population was 10,902 showing a population growth of 17.9% in the area during that time. The predominant age group in Brassall is 20-29 years. Households in Brassall are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brassall work in a trades occupation. In 2011, 56.1% of the homes in Brassall were owner-occupied compared with 50.5% in 2016.

Brassall has 5,700 properties.

    There are currently 47 properties listed for sale, and 15 properties listed for rent in Brassall on OnTheHouse. According to CoreLogic's data, 293 properties were sold in the past 12 months in Brassall.

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