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3.5 years new apartment. Caretaking Only! No Manager Unit!
$556,800
Permanent management rights, Cleveland QLD
New to the market Exclusive Listing
An outstanding permanent, business only, caretaking only management rights opportunity in the heart of Cleveland, offering a rare combination of long agreement term, simple income structure and prime location benefits.
With 21.5 years remaining on the agreements, this business provides long-term security and stability. The income is derived solely from caretaking remuneration, with no letting component and therefore no exposure to letting pool fluctuations or vacancy risk. The structure is clean, predictable and low in operational complexity.
Ideally positioned in the centre of Cleveland, the complex enjoys exceptional convenience. It is within approximately five minutes walk to Cleveland train station and only a short drive to the beach. Retail, dining and essential services are all close by, making it a highly desirable residential location and an easy-to-manage environment.
The building is just over 3.5 years old, meaning modern infrastructure, lower maintenance requirements and minimal capital expenditure in the near term. The operational workload is straightforward and can be comfortably managed by one person.
This presents an excellent opportunity for buyers seeking a stable, remuneration-only management rights business in a tightly held bayside suburb, supported by strong location fundamentals and long-term agreement security.
Whether you are a first-time buyer looking to enter the industry or an experienced manager seeking to expand your portfolio, this opportunity is well worth your consideration. For further information or to arrange an inspection, please contact the exclusive agent, it won't last long on the market.
More Information
- Total Purchase Price: $556,800
- Net Income: $ 101,399
(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