Price Drop - Compact Caretaking-Only MR in Brisbane's Inner-North | Resort Brokers ID : MRB008143
All reasonable offers considered
Permanent Management Rights, Clayfield QLD
With the vendor open to all reasonable offers, ResortBrokers presents an exclusive chance to secure compact caretaking-only management rights comprising two small buildings in Clayfield and Ascot, Brisbane.
The complexes, the Promenade on Clayfield and D Dobson in Ascot, collectively offer 20 apartments, emphasizing a low-maintenance design with simple gardens and a small pool (at Promenade), enhancing the property's appeal without overburdening caretaking duties. With a minimal workload of just five hours approx. per week across both sites, this opportunity is an attractive prospect for local operators seeking portfolio expansion without excessive commitments, backed by a competitive caretaking salary of $30,409.
The vendor emphasizes the favourable relationship with the body corporates and the manageable responsibilities, making this a promising investment. This opportunity provides an alluring proposition for local operators aiming to capitalize on the convenient location coupled with minimal responsibilities in these prestigious suburbs.
- Vendor is open to receiving all reasonable offers
- Promenade on Clayfield: Twelve apartments featuring tandem car parks
- D Dobson, Ascot: Eight modern, well-appointed residences in a vibrant neighbourhood.
- Effortless Caretaking:Minimal caretaking duties across both complexes, requiring only 5 hours per week, allowing you to focus on other ventures.
- Body Corporate pays for specialist work (including front hedges at Promenade)
- Convenient Location: Strategically positioned just 7 minutes apart in the sought-after suburbs of Clayfield and Ascot, offering the perfect blend of urban convenience and serene living.
- Caretaking Excellence:Benefit from a caretaking-only opportunity with the option of a letting agreement, ensuring a steady caretaking salary of $30,409.
- Inspections by appointment only.
Date updated: 21 Apr 2024 23:00:08
More Information
- Total Purchase Price: All reasonable offers considered
- Net Income: $ 30,409
(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?