Outstanding lease opportunity with a 34 year lease and showing a 38% ROI!
Currently run under management, this lease has demonstrated month on month growth and still only runs at 54% occupancy so there is certainly more left on the table for the next operator. Chinchilla has multiple projects set to kick off at the tail end of 2021 so your timing maybe perfect. With a range of 62 different apartment options, a very comfortable two bedroom two bathroom manager's home, and a restaurant that doubles as a conference room, this opportunity will not last. This business has defied the trend of other accommodation businesses and has actually grown throughout the pandemic. Certainly something you should consider - an inspection is sure to impress.
The numbers.
Chinchilla.
Run the numbers yourself.
Same model our brokers use to appraise. Adjust net profit, multiplier, real-estate component. The result is indicative — independent appraisal available on request.
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