Unique Family Residence with Caretaking Only - ID
$1,130,000
Permanent management rights, Coombabah QLD
Management Rights For Sale
Stunning 4 Bedroom Home with Additional Income!
This unique opportunity presents a stunning 4-bedroom home with character and design supplemented with a stable and growing salary from the caretaking role. Rare is it to find a management right residence as stunning as this and with a generous salary from the low maintenance caretaking role, this opportunity is perfect for the semi-retired seeking lifestyle or couple/individual looking for an additional income stream.
This stunning family home with character and style presents four generous-sized bedrooms multiple living areas separated by a brick feature wall with a duel-sided fireplace a quality country-style kitchen with marble benchtops a private outdoor area surrounded by tropical greenery and so much more.
The complex itself features easy-to-maintain facilities, including a resort-style pool, barbecue area, a recreation room with pool table and a small gym. The complex is gated with an intercom and surrounded by tropical, manicured landscaping, offering security, privacy and tranquillity.
The real standout feature is the additional income this offers as the caretaker for the complex. There are no qualification or licensing requirements and the work is minimal, perfect for those looking to slow down or pick up an additional income stream. The main duties are to look after the common ground in the complex (gardening, pool) and report any maintenance to the body corporate.
HOME FEATURES
- 4-bedroom home with character and charm
-Large master with a walk-in robe and updated ensuite
-Air-conditioning and ceiling fans in all bedrooms
-Updated bathrooms
-Multiple living spaces separated by a statement brick feature wall, with dual sided fireplace
-Large open country style kitchen, perfect for family entertaining
-Ample parking with a single-car bay beside the residence and a double lock-up garage
-Exclusive use office space
SUSSEX PARK FACILITIES
-Resort-style swimming pool
-Gym
-Recreation room with billiards table and bar
-BBQ area
Business Features
-Minimal work, easily maintained by an individual part-time
-Generous body corporate salary of $57,000+
-No licence or qualifications required. (Caretaking Only)
-Equipment supplied by body corporate
Net Profit: $54,047
Asking Price: $1,130,000
(Inclusive of manager's real estate priced at $950,000)
More Information
- Total Purchase Price: $1,130,000
- Net Income: $ 54,047
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?