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Simple! Caretaking Only.
$125,000
Caretaking management rights, Redcliffe QLD
Are you considering entering the market or adding another to your portfolio? Dont go past this BUSINESS ONLY opportunity. This low-maintenance complex can easily be managed by one person.
NO REAL ESTATE
NO OFFICE HOURS
MANAGED REMOTELY
- Salary $26,137 ex GST
- Annual increases of CPI or 3.5% - whichever is higher
- Only weekly attendance required for minimal duties, minimal common property (no pool, spa, BBQ, gym, etc.)
- Retail/commercial property for sale on ground floor - no Building Manager responsibility, opportunity to invest?
- Ability to earn additional income from maintenance and real estate sales within the complex
- Opportunity to gain the 9 externally managed rentals
Situated close to a variety of amenities and just minutes from the popular Redcliffe Parade, this complex is in a highly desirable location. These sort of opportunities do not last long, so contact the agent today to make your move.
It doesnt get any simpler than this!
More Information
- Total Purchase Price: $125,000
- Net Income: $ 26,137
(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: 4.8
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