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Caretaking Only in Prime Sunshine Coast Location
$1,160,000
Caretaking management rights, Sippy Downs QLD
In the heart of Sippy Downs, a highly desirable area on the Sunshine Coast, surrounded by shops, cafes, and just 10 minutes from beautiful surf beaches, this opportunity offers a fantastic lifestyle and a profitable business that can be easily managed by one person.
The current manager has successfully operated this business for nearly 2 decades and is now offering it for sale. This rare caretaking-only business generates consistent revenue with no set office hours, providing the perfect work/life balance. The business presents a significant potential for growth, including the opportunity to build a rental pool and increase income through real estate sales across the two complexes.
Both complexes feature modern designs, providing a comfortable living environment amidst landscaped tropical gardens.
The Lakes:
Built in 2003
26 units
The Lakes $50,552 excl GST
The Brooks:
Built in 2004
25 units
The Brooks $51,762 excl GST
Key Highlights:
Sought after location in Sippy Downs
First time to market in over 17 years
Low Body Corporate Fees of $6,716 per annum
A simple and straightforward business model
Potential to grow business through real estate sales
Stable body corporate salary
No set office hours
Large manager's residence
Opportunity to make extra money through repairs and maintenance
Close to retail centres, parks, and public transportation
Excellent training and handover by the vendor
More Information
- Total Purchase Price: $1,160,000
- Net Income: $ 104,541
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?