ABSOLUTE BEACHFRONT POSITION - OFF THE PLAN CARETAKING ONLY | Resort Brokers ID : OTP008275

$360,000

Off The Plan Management Rights, MAIN BEACH QLD

ResortBrokers presents to market The Monaco at Main Beach, a boutique beachside building comprising a total of 24 apartments over 22 levels. This is a sensational opportunity to secure the premium, off the plan caretaking rights to this exclusive residential complex that offers unimpeded views across the ocean and The Spit.

- Comprises of 1 x 2-storey penthouse, 17 x full floor and 6 x half floor apartments
- Generous caretaking salary of $80,000 p.a. plus GST
- Brand new 10 year Caretaking agreement on standard module
- Very well-progressed off the plan building due to complete in July 2024
- 95% sold out with only a few units remaining
- No set office hours and no real estate to buy
- No letting component, caretaking duties only
- Common facilities include pool, gym, sauna, BBQ& dining area, treatment room and virtual golf
- All inspections via appointment only
Date updated: 19 Nov 2024 22:00:01

More Information

Financial Overview

Total Purchase Price: $360,000
Net Income: $ 80,000 (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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 24
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 24
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 80,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Full-floor and half-floor apartments, double-storey penthouse 24-metre heated pool and deck area BBQ and dining area includes resort-style seating The Monacoâs Wellness Studio thatâs so much more than a gymnasium