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A MASSIVE 18.2% ROI!! - CARETAKING ONLY - LUTWYCHE
PRICE DROP TO $496,000
Caretaking management rights, Lutwyche QLD
A Caretaking Only business within a 2 year building at Lutwyche.
Low demands upon the Manager.
One Body Corporate. Good & Small Committee.
No letting pool, simply a caretaking role for one person.
Good remuneration at $90,175.92 + GST for the year 13 July 2024 to 12 July 2025.
Salary reviewed every year in July.
No history of flooding!
Call Greg Jorgensen today on 0407721335 to receive the information package and to set up an inspection.
More Information
- Total Purchase Price: PRICE DROP TO $496,000
- Net Income: $ 90,175
(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