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Caretaking-Only Management Rights Business Prime Opportunity at Newport
$178,360
Caretaking management rights, Newport QLD
Take advantage of this fantastic opportunity to own a caretaking-only management rights business in a modern townhouse complex in the sought-after Newport area. Perfect for those looking for a low-maintenance, low-workload business with steady income, this offering includes:
Annual Salary: Earn a reliable income of $36,400 per year.
Lifestyle Features: These well-maintained complex features 26 townhouses, a swimming pool, and a BBQ area, creating a desirable and friendly community.
Low Workload: With no letting or sales responsibilities, this business is stress-free and easy to manage.
Ideal Location: Situated in the coastal suburb of Newport, known for its relaxed lifestyle, modern amenities, and scenic surroundings.
This caretaking-only townhouse complex offers the perfect balance of lifestyle and income. Whether youre new to management rights or looking for a hassle-free addition to your portfolio, this opportunity is worth exploring.
Contact us today for more information and make it yours!
More Information
- Total Purchase Price: $178,360
- Net Income: $ 36,400
(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: 4.9
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