Proudly supported by all of the industry's leading brokers
Caretaking Opportunity in Broadbeach - No Real Estate to Purchase
$635,000
Caretaking management rights, Broadbeach QLD
This new, easy to maintain Management Rights complex is looking for a caretaker in this prime location of Broadbeach. This stunning hi-rise residential apartment complex is only 6 years old.
Featuring minimal facilities including a lap pool, gym, and sauna, this complex offers a streamlined caretaking role. Caretaking duties include daily pool testing along with general cleaning of the foyer, lifts, apartment levels, residential common areas, and gymnasium. Gardening requirements are minimal, limited to mowing the front nature strip as needed, with no garden beds to maintain. The role focuses on ensuring the complex is consistently presented to an impeccable standard.
You are well compensated for your role as caretaker with a very generous Body Corporate remuneration of $119,755. Coupled with the flexibility of NO Set Office hours allowing you to manage your time efficiently to fulfill your duties around any existing commitments. Current single operator / caretaker commits 3-4 hours per day Monday to Friday and 1-2 hours Saturday and Sunday. This could be reduced if this was a duo team undertaking these daily duties.
Furthermore, there is no requirement to purchase real estate or reside onsite, affording you the freedom to maintain your current residence or purchasing this opportunity as an add on to an existing business.
With a lengthy 19.5 year agreement and no real estate commitments, this business opportunity presents an appealing investment prospect showing an 18% ROI.
Opportunities of this calibre in Broadbeach are tightly held and rarely offered contact me today to find out more.
Net Profit: $115,000
Property Code: 111
More Information
- Total Purchase Price: $635,000
- 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