CARETAKING ONLY - PERMANENT - CHEVRON ISLAND
$640,000
Permanent Management Rights, SURFERS PARADISE QLD
On offer is this boutique Caretaking Only Gold Coast Management Rights. With no letting pool to manage this business can be easily operated by one person.
No set office hours and a stable Body Corporate salary of $46,820 p.a. (+ GST), increasing yearly by CPI or 4%, whichever is greater, guaranteeing a minimum 4%.
Furthermore, 17 years remain on the Caretaking Agreement and the existing onsite caretaker is available to assist you.
This tastily presented and renovated manager's unit has one bedroom, one bathroom, a good-sized office/study, plus one underground secure car space. Plenty of storage adjacent to manager's car park also on title. In addition, there is secure exclusive use storage for the Body Corporate's equipment.
With only 20 units in the complex, a central Surfers Paradise location close to beaches, schools, and public transport this business represents a terrific opportunity for semi-retirees or newcomers to enter the Management Rights industry with minimum risk and a stable income. Alternatively, existing management teams may choose to add this business onto their property portfolio.
Call me now to arrange your exclusive onsite inspection.
More Information
- Total Purchase Price: $640,000
- Net Income: $ 46,820
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
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?