Caretaking in Palm Beach - No Real Estate
$555,000
Permanent management rights, Palm Beach QLD
This new, easy to maintain Management Rights complex is looking for a caretaker in this prime location of Palm Beach.
This stunning midrise apartment complex is only 4 years old, overlooks the beach and as a bonus also includes 5 permanent lets giving you additional income.
Featuring minimal facilities including a pool, gym, and rooftop viewing area showcasing panoramic vistas from Coolangatta to Surfers Paradise, this complex offers a streamlined caretaking role.
Caretaking responsibilities entail maintaining the pool, ensuring the complex remains impeccable, and attending to minimal garden/lawn care, all aimed at upholding the highest standards.
You are well compensated for your role as caretaker with a very generous Body Corporate remuneration of $97,188. Coupled with the flexibility of NO Set Office hours allowing you to manage your time efficiently to fulfill your duties.
Furthermore, there is no requirement to purchase real estate or reside onsite, affording you the freedom to maintain your current residence.
With a lengthy 24.5 year agreement and no real estate commitments, this business opportunity presents an appealing investment prospect.
Opportunities as enticing as this are rare, so contact me today to discuss further.
Net Profit: $115,000
More Information
- Total Purchase Price: $555,000
- Net Income: $ 115,000
(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?