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BRISBANE - CARETAKING ONLY - NO REAL ESTATE
$260,000
Caretaking Management Rights, NORMAN PARK QLD
On offer is a caretaking only Management Rights business in the popular Brisbane suburb of Norman Park and an ideal add-on for existing operators. Also, an opportunity for newcomers with previous cleaning / gardening experience.
This well presented permanent 38 lot apartment complex is just 5 years old with minimal facilities.
The caretaking duties are straight forward and manageable with a current Body Corporate salary of $51,931pa. ex GST. (adjusted annually by the greater of 3% or CPI)
The management agreements have 20 years to run.
The current caretaker has enjoyed a positive working relationship with the committee, however, is now rationalising their portfolio to take on further opportunities.
More Information
- Total Purchase Price: $260,000
- Net Income: $ 51,931
(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