A Caretaking Only business + apartment for under $750,000 | Resort Brokers ID : MR008051
$724,000
Permanent Management Rights, Bongaree QLD
ResortBrokers presents an exceptional opportunity to acquire the Management Rights for Aquatic Vista, a low-maintenance property on the picturesque Bribie Island, QLD. Beyond a property transaction, it offers a lifestyle with a perfect balance of work-life equilibrium and financial stability.
Aquatic Vista is designed for ease of management, with limited gardening duties and no on-site pool or barbecue facilities. This strategic property, centrally located on captivating Bribie Island, provides the tranquillity of island living just an hour's drive from both Brisbane and the Sunshine Coast.
Aquatic Vista stands out with several benefits, including no fixed office hours and no letting pool, enabling a relaxed management style. This unique blend of lifestyle and investment, with its minimal responsibilities, comfortable managers unit, and prime location, caters to those seeking a semi-retirement lifestyle or an income stream to offset a mortgage. Dont miss this remarkable chance to invest in a property offering both financial returns and a relaxed lifestyle.
- Minimal property maintenance required due to absenceofpool or barbecue facilities
- Spacious two-bedroom manager’s unit with open-plan layout and large private balcony
- Flexible management with no fixed office hours and no requirement for continuous staffing
- Prime location on Bribie Island, an hour’s drive from Brisbane and the Sunshine Coast
- Affordable investment opportunitywith income potential to offset mortgageor support semi-retirement lifestyle
- Perfect for a one-person part-time role or a couple seeking minimal work hours
- 10-year duration on the standard module with Body Corporate salary set for annual CPI increments
- Newer resort on Bribie Island, meticulously maintained and recently enhanced with significant external painting works
- Inspections are by appointment only
Date updated: 01 May 2024 01:00:04
More Information
- Total Purchase Price: $724,000
- Net Income: $ 92,868
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?