32% ROI - Can be run by one person - $100K+ NOP

$1,105,000

Caretaking management rights, Mudgeeraba QLD

Sought-after Caretaking Only Permanent Complex with business returning 32% ROI and easily run by one person FANTASTIC!!!

Residential-only living at its finest set in the heart of Mudgeeraba, within secure gated complex surrounded by green parklands, walking tracks, fitness/recreation play parks, walking distance to public and private schools, 5 mins to world class shopping centre shops, golf courses, hospital, public transport and beaches

This beautifully presented and recently renovated spacious home with private garden courtyard is big on size and space (368m2) offering so much more than expected with large open plan living & dining areas opening up onto a paved open air alfresco dining/entertaining area.

Reluctantly moving on due to family circumstances, the Sellers have set a realistic multiplier particularly given the popularity of such rarely available and highly sought-after caretaking only permanent accommodation complexes presenting both peaceful living and an enticing investment opportunity for those to whom lifestyle really matters!

Business Features:

Huge 32% ROI on business
$100K+ NOP
Large 3 bed 2 bath 2 car managers residence offered at under current market price for recent complex sales
Rare caretaking-only business with $106K body corporate salary
Easily run by one person
Low maintenance well-established grounds
Huge attached office with separate entrance
Contactable by mobile phone or email Monday to Friday only
Ability to earn additional income from real estate sales within the complex
Residents and B/C supportive of onsite managers with great top-up history

More Information

Financial Overview

Total Purchase Price: $1,105,000
Net Income: $ 100,317 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 795,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.1
_{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: 73
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 106,491
_{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: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable by mobile phone or email Mon to Fri
_{Required Office Hours}

Complex Features: Gated security entry * outdoor swimming pool * all-weather summer house with BBQ outdoor dining area * CCTV * Cable/NBN

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 795,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: * Quality-built, perfectly presented, immaculately kept maintained property * Quiet leafy position * Large open-plan lounge/living area * Large kitchen with an abundance of storage stone bench tops including new 5-burner gas cooktop, oven, dishwasher large double door fridge included * Large bright family lounge room with ample natural light * Living meals areas flow easily to outdoor spaces * Covered outdoor area looks onto private garden courtyard with new retractable awnings * Newly pointed and painted roof * 3 bedrooms all with built-ins and master with ensuite and walk-in robe * Office or 4th bedroom smaller office attached and on title * Generous separate laundry opens to outdoor drying area * Security screens throughout * New split system air conditioning new ceiling fans throughout * New carpets * New 20 panel, 6.6kw premium solar power system * Double lock-up garage with internal access offers plenty of storage, plus additional off-street parking for visitors * Easy-care, low maintenance courtyard gardens fully closed off so secure for pets/kids * Pet friendly