PURE CARETAKING-ONLY, THE PERFECT 'ADD ON' IN COOLANGATTA | Resort Brokers ID : MRC008080
$130,000
Permanent Management Rights, Coolangatta QLD
ResortBrokers offers to market, the caretaking-only, Management Rights business for Cyan Apartments, a quality permanent residential complex located in the vibrant suburb of Coolangatta.
For the incoming manager, there is one lot already in the letting pool and further potential to increase the income with 11 externally managed properties in the building providing an attractive opportunity to convert these into the letting pool.
With no office hours and no requirement to purchase real estate or live onsite, this is a fantastic 'add-on' for an existing local operator or an excellent entry-level opportunity.
Give Todd a call to secure this truly affordable Gold Coast business
- Premium residential complex
- Business-only caretaking opportunity with no real estate purchase required.
- Long-term security with a 9-year agreement in place.
- Flexible management structure with no set office hours.
- Perfect entry-level or add on business for local operator
- Potential for growth through conversion of outside agent lets.
- Prime location at the booming southern end of the Gold Coast, near Kirra Beach.
- Easily managed, low-maintenance property with minimal amenities.
- Inspection by appointment only.
Date updated: 28 Apr 2024 23:00:05
More Information
- Total Purchase Price: $130,000
- Net Income: $ 30,430
(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?