CARETAKING ONLY. NO REAL ESTATE. BRISBANE RIVERFRONT LUXURY
$895,000
Permanent Management Rights, TENERIFFE QLD
This caretaking only Management Rights business in one of Brisbane's premier residential developments. Now offered for sale by the original managers for the first time in 15 years. This high quality superbly presented complex occupies a prime riverfront location, unaffected by recent floods.
The sellers enjoy an excellent relationship with a proactive and positive Body Corporate committee, working closely together to maintain very high standards of maintenance, presentation, and amenity throughout.
The majority of the duties for the manager of this elite complex are supervisory and administrative with the Body Corp paying for gardening, pool work and consumables. The caretaking income is approx. $192,000 p.a.
This represents a genuine opportunity for an experienced Building Manager / Caretaker to take over a solid, straight forward and well-run business in exclusive surroundings. The current managers have excellent systems and manuals in place to ensure a smooth transition for the new owners.
There is no real estate to purchase and no requirement to live on site. Manager has Occupation Authority over on-site office and bathroom.
Contact me now for your Exclusive inspection of this terrific business opportunity.
More Information
- Total Purchase Price: $895,000
- Net Income: $ 192,200
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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
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?