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Part Time Caretaking Opportunity - $105k Income No Unit to Purchase
$530,000
Caretaking management rights, Margate QLD
Hotel Resort Sales is pleased to present an exceptional opportunity to acquire two Caretaking Only management rights businesses. The Margate complex occupies a prime waterfront location, while the Scarborough complex is positioned in a sought-after beachside setting, with both situated within 10 minutes drive of each other.
Both apartment complexes are modern builds, only 5 and 6 years old, and offer an easy-to-manage operation with minimal facilities.
This opportunity is perfectly suited as an add-on to an existing portfolio or for those seeking a flexible, part-time business. With no set office hours and no requirement to live onsite, it allows you to maintain an excellent worklife balance.
Caretaking responsibilities are straightforward, including pool maintenance, light gardening/lawn care, and ensuring the complexes remain well-presented. The role is well rewarded with a generous combined Body Corporate remuneration of $105k. Furthermore, there is an opportunity if you have an RLA licence to secure permanent rentals into your letting pool to increase the net profit even further.
Additional benefits include:
- Freedom to live offsite no real estate purchase required<
- Simple caretaking duties with minimal facilities
- Healthy years remaining on the agreements, providing long-term security
- No Weekends
This is a streamlined, low-maintenance business with excellent returns and flexibility.
With healthy years on the agreements and no real estate commitments, this is an exceptional business opportunity. Call Craig today to discuss further.
Net Profit: $100,000
Property Code: 89
More Information
- Total Purchase Price: $530,000
- Net Income: $ 100,000
(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