Upmarket Caretaking Only Opportunity in Main Beach

$2,100,000

Caretaking management rights, Main Beach QLD

Hotel Resort Sales is pleased to bring to market a caretaking only management rights opportunity in the heart of Main Beach.

This business is ideally suited for someone looking for lifestyle who is not quite ready to retire or someone looking to add an extra income to their current position. Ideally suited for those who wish to reside in one of the Gold Coasts most upmarket suburbs in a magnificent, spacious 3-bedroom, 2-bathroom unit.

This permanent complex has 42 units within the building, Swimming Pool, BBQ Area and Underground Secure Car Parking.

With no set office hours on the agreement it allows a buyer flexibility with the caretaking duties. This role can be undertaken by one operator which would take approximately 3-4 hours per day, which is well compensated by the body corporate salary of $87,492 + GST.

There is extra opportunity to secure additional income from maintenance jobs within the complex and for those with a letting licence, the possibility of securing into the letting pool the 10 rentals currently being managed by outside agents.

Key Features:

* Secure Income: Body Corporate salary of $87,492 + GST, with an increase scheduled for November
* Effortless Operation: Around 34 hours of caretaking per day, no set office hours
* Extra Earnings: Optional additional income from on-site maintenance work
* Supportive Committee: Friendly, proactive Body Corporate

Live and work in paradise with the beach just a short stroll away. Main Beach offers a vibrant mix of cafs, fine dining, boutique shopping and a relaxed coastal atmosphere.

For further details or to arrange a private inspection, contact Craig and discover the freedom of caretaking-only management rights in one of the Gold Coasts most prestigious suburbs.

Net Profit: $93,318

Property Code:95

More Information

Financial Overview

Total Purchase Price: $2,100,000
Net Income: $ 93,318 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,700,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 42
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 87,492
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 48 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Swimming Pool, BBQ Area and Underground Secure Car Parking

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,700,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 3 Bedroom, 2 Bathroom, Courtyard, 1 Car Space