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Caretaking With No Fixed Hours and No Need To Live Onsite!!
$1,410,000
Caretaking management rights, Biggera Waters QLD
This complex is located on the highly sought-after Marine Parade, and within a short stroll of multiple cafes and restaurants, as well as the Broadwater Parklands precinct where you can watch the Pelican feeding at Charis Seafood.
Also well located and within approximately a 2 minute car ride is Harbourtown with multiple shops, cafes, cinema, supermarkets, medical centre, etc. Approximately a 50 minutes' drive to Brisbane Airport, approximately a 35 minute drive to Coolangatta Airport and approximately a 20 minute drive to Surfers Paradise, with its world-famous beaches shopping and dining. All this and still within approximately a 5km radius of multiple schools and access to public transport.
This complex also offers the astute buyer long term agreements, no need to reside onsite and no fixed hours!!
To arrange an inspection call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,410,000
- Net Income: $ 136,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 795,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?