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Caretaking Only Salary over $98K Palm Beach
$550,000 - Business Only
Permanent Management Rights, PALM BEACH QLD
This is a rare chance to secure caretaking-only management rights to Acqua Apartments in the heart of Palm Beach on the Gold Coast. With 20 years remaining on the agreement, no requirement to live onsite, and no real estate to purchase, this opportunity offers incredible flexibility for an experienced operator or someone looking to grow their existing portfolio.
Acqua is a well-maintained residential complex made up of 62 stylish two- and three-bedroom apartments. It's tucked into a peaceful part of Palm Beach but still just minutes from patrolled beaches, cafs and local favourites, making it highly attractive to residents who value lifestyle and location.
The Body Corporate salary is $98,854, supported by a well-documented agreement.
Onsite you'll also find a managers office and storage facility included in the Owners Agreement, making day-to-day duties straightforward and efficient.
This caretaking-only business is perfect for someone looking for a strong income, great lifestyle, and minimal hassle. Youre not tied to a managers unit.
Palm Beach continues to be one of the Gold Coasts most in-demand suburbs. Locals love it for the relaxed atmosphere, great schools, and growing mix of shops and restaurants. With easy access to Burleigh, Currumbin, and the airport, its no surprise properties in this area are so tightly held.
Opportunities like this dont come up often. Reach out now to find out more or arrange an inspection.
More Information
- Total Purchase Price: $550,000 - Business Only
- Net Income: $ 98,854
(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