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Straight Caretaking Business with Freehold Office and Huge Growth Potential. $950K
$870K Bus + $80K Office = $950K Total Sale
Permanent Management Rights, MIAMI QLD
This is a rare opportunity to secure a caretaking-only management rights business in a highly desirable coastal location, just moments from the beach and surrounded by cafs and local amenity. With 22 years remaining on the agreements and a supportive Body Corporate committee, this business is set up for ease, lifestyle, and future upside.
The net income is approximately $142,000 per annum, derived solely from the Body Corporate salary. There is no letting component, no requirement to reside onsite, and no office hours to maintain. All caretaking duties are handled by a single person in roughly 15 hours per week, making it a perfect business for first-time operators, semi-retirees, or those seeking a simple bolt-on.
Included in the sale is a freehold 17m office, valued at approximately $80,000, currently leased under market rate of about $1,300 per month. The tenant is happy to stay or vacate, giving buyers the option of passive income or an operational base.
The complex consists of 76 residential units with a single facilitya rooftop pool. The existing manager enjoys a strong relationship with the committee, adding further appeal and stability to the operation. Additional, informal income is received for bin duties, which could be formalised for future growth.
With its light workload, stable income, and excellent upside through potential letting, this opportunity is ideally positioned for lifestyle buyers or those looking to expand their portfolio with minimal input and maximum flexibility.
For further information or to arrange an inspection, contact Syd Douglas today.
Ras360 Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $870K Bus + $80K Office = $950K Total Sale
- Net Income: $ 0
(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