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Easy Caretaking - No Facilities - ID 8853B
Upside Potential
Caretaking management rights, Redbank Plains QLD
Management Rights For Sale
Huge Income Upside Potential
- No requirement to live onsite
- No need to buy real estate
- No office hours
- No swimming pool to be looked aftern
- No BBQ to be cleaned
- No gate for the complex
- 25 year agreement with 21 years remaining
- Huge income upside potential
- Stable Body Corporate slary of $89,138 + GST with CPI increased each year
- Simple caretaking duties
The option to be a caretaker only without a real estate licence, simple & less cost.
Net Profit: $86,010
Asking Price: $438,000
More Information
- Total Purchase Price: Upside Potential
- Net Income: $ 86,010
(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