UNDER CONTRACT
$219,000
Caretaking management rights, Kings Beach QLD
THIS MANAGEMENT RIGHTS IS NOW UNDER CONTRACT
The Observatory is a Caretaking Only complex which is located with stunning views, south over Kings Beach and North towards Mooloolaba.
Consisting of 39 large residential apartments it provides an exceptional entry complete with a beautiful water feature and beautiful maintained grounds.
Residents enjoy a heated lap pool plus a great BBQ area.
Management Rights - The Observatory Kings Beach
New Caretaking and Letting agreements dating 16 March 2018 and running for a total of 25 years (10 + 5 + 5 + 5)
No Real Estate Required to be Purchased
Occupation Authority over Office and 2 storage rooms
Office includes reverse cycle air conditioning
Current operators do not do any rentals but agreements allow for rentals and sales
All equipment required to fulfil the Caretaking duties are included in the sale
Caretaking income currently
$60,554.76 salary ($55,049.78 PLUS GST)
Annual Salary - CPI increase due April each year.
Other income items currently received
$ 780.00 internet allowance
More Information
- Total Purchase Price: $219,000
- Net Income: $ 0
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?