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CARETAKING ONLY - NOT REQUIRED TO LIVE ONSITE
$857,500
Permanent Management Rights, BIGGERA WATERS QLD
This permanent complex with townhouses and villas is in the sought-after Gold Coast suburb of Biggera Waters.
Live Off-site or On-site. The choice is yours! This 'Caretaking Only' business is priced at only $337,500, with the option to purchase a rental roll of 15 units.
Currently the 4 bedroom, 2 bathroom, 2 car manager's unit is leased out. As a bonus, this rental income is in addition to the current Caretaking Salary of $75,000 per year.
Standard workload with stable Body Corporate Salary increasing yearly by CPI. Current manager has a good working relationship with Body Corporate.
No set office hours. Easily managed by one person.
Close to school, shopping centre and public transport. Not far away from Griffith University and Gold Coast hospital.
Caretaking only Management Rights sales with stable income and minimum risk are very popular now! Please call me for more details.
More Information
- Total Purchase Price: $857,500
- Net Income: $ 75,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 520,000
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?