Caretaking - Only Management Rights: ROI 20% | Resort Brokers ID : MRC008100
$424,585
Permanent Management Rights, Brookwater QLD
Situated in the highly liveable area of Brookwater neighbouring the Brookwater Golf Course. This outstanding permanent MR represents a rare opportunity to purchase a Caretaking-Only Management Rights business with no real estate to purchase, no requirement to live onsite and no set office hours. This business offers a robust ROI of almost 20% backed by solid Body Corporate salary counts for 100% of the total net profit which makes this business a must to consider.
This well-maintained modern townhouse complex consists of a pool as the only common facility apart from the well-defined gardens. It presents as a solid business suitable for a first-time buyer looking to secure a stable low maintenance business or an experienced operator who wants to expand their portfolio.
- Robust almost 20% return on investment
- No requirement to live onsite
- No requirement to purchase real estate
- No set office hours
- Solid body corporate salary - 100% income
- Agreement terms - 17 years (never attempted to top up previously)
- Easy to run with manageable caretaking duties for a single operator
- Located in highly sought-after area right next to the Brookwater Golf Course.
- Suitable for either first time buyer or experience operator as add-on to their existing portfolio
- Inspections by appointment only
Date updated: 01 May 2024 01:00:04
More Information
- Total Purchase Price: $424,585
- Net Income: $ 81,651
(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?