Caretaking only - Great position. Vendor finance available.
$1,468,950
Caretaking management rights, Mermaid Beach QLD
Offering a low maintenance caretaking-only opportunity in Broadbeach/Mermaid Beach.
This business is perfect for a couple or a solo operator with easily managed caretaking duties and no set office hours.
Caretaking only business - low maintenance and low hours required to perform the role
Sought after address in the Broadbeach/Mermaid Beach area - 250m to the beach
Agreements recently topped up to 10 years
No set office hours
Potential to grow the business through engaging in letting
Low multiplier 3.5x
Luxury building with modern 3 Bed Managers unit
Close to Pacific Fair, beach, dining precincts, tramline and schools
Inspections by appointment only
Motivated seller who may look at vendor finance
More Information
- Total Purchase Price: $1,468,950
- Net Income: $ 79,700
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,190,000
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?