Caretake this Main Beach Luxury Property | Resort Brokers ID : MRC008101
$205,000
Permanent Management Rights, Main Beach QLD
Cerulean is an incredible architecturally designed mid-rise property located in the premium suburb of Main Beach ensuring a highly desirable asset.
Cerulean is a 16-level residential only building fronting the picturesque Macintosh Island Park and canals.
The management rights for Cerulean Main Beach is being sold ascaretaking-only with a standard accommodation module and no requirement to live onsite or own real estate. This is a viable and secure proposition for a astute investor to expand their business.
- Premium and impeccably maintained building in Main Beach, QLD.
- An ideal, low-effort additionfor an already established operator.
- Guaranteed $50,968 annual income from body corporate salary.
- Freedom from restrictive office hours.
- Minimal operational duties, allowing focus and efficiency.
- No real estate purchase required, reducing initial investment.
- Inspection by appointmentonly.
Date updated: 12 May 2024 23:00:06
More Information
- Total Purchase Price: $205,000
- Net Income: $ 50,968
(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?