PURE CARETAKING ONLY MANAGEMENT RIGHTS COMPLEX LOCATED IN KIRRA | Resort Brokers ID : MRC007734
$175,000
Permanent Management Rights, Bilinga QLD
ResortBrokers are excited to present to the market a pure caretaking business. This is a fantastic 'add-on' opportunity, with no office hours, no requirement to purchase real estate or live onsite, inclusive of a solid Caretaking Salary of $46,750 + GST increased annually by CPI adjustment and further upside to be had via converting outside lets.
This affordable business situated in the Southern Gold Coast area comes with 10-year caretaking agreements, coupled with easily managed duties and low maintenance facilities, making it suitable as an add-on for an existing operator or an excellent entry-level opportunity.
Pure caretaking only business
Perfect add-on to existing local operators
NO set office hours, NO Real Estate to purchase
Caretakers Salary $46,750 + GST with annual CPI adjustment in January
Increase income via converting 6 outside lets
Easily managed by one person - approx. one hours per day
Highly desirable beachside location
20-unit complex - permanent occupancy
Managers storage on Occupational Authority
Property inspections are by appointment only
Date updated: 01 May 2024 01:00:03
More Information
- Total Purchase Price: $175,000
- Net Income: $ 46,750
(actual)
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?