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No Requirement to Live Onsite - 100% Salary - ID 8853
No Pool, No BBQ, No Office Hours, No Gate
Permanent management rights, Redbank Plains QLD
- No requirement to live onsite.
- No office hours required.
- No pool, no BBQ area, no gate to maintain.
- 25-year agreement with 22 years remaining.
- Huge income upside potential.
- High percentage of stable Body Corporate salary: $86,138 + GST, with annual CPI increases nearly 100% of total income.
- Extremely simple caretaking duties.
- Net profit of over $83,010, plus $21,000 in rental income total income approx. $104,000.
- All permanent rentals with only 2 units in the letting pool, offering strong potential to grow the rental roll and earn sales commissions.
- Option to operate as caretaker only, no real estate licence required simple and low-cost.
- Very spacious managers villa with 2 bedrooms, 1 bathroom, 1 garage, and a large private courtyard.
- Separate professional office for exclusive use.
- All-inclusive price: only $865,000, including the large 2-bedroom managers villa.
This is a rare, unmatched opportunity in todays market - secure it now or risk missing out for years to come.
Net Profit: $83,010 Plus $21,000 rental, total up to $10,400
Business Price: $380,000
Real Estate Price: $485,000
Total Asking Price: $865,000
More Information
- Total Purchase Price: No Pool, No BBQ, No Office Hours, No Gate
- Net Income: $ 83,010
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 485,000
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
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?