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Palm Beach Caretaking Opportunity - No Real Estate to Purchase
$555,000
Caretaking management rights, Palm Beach QLD
Discover a rare chance to manage an easy-to-maintain Management Rights complex in the sought-after Palm Beach area.
This impressive mid-rise apartment complex, just 4 years old, offers breathtaking beach views and includes 5 permanent rentals, providing you with additional income.
With minimal facilities such as a pool, gym, and rooftop viewing area showcasing stunning panoramas from Coolangatta to Surfers Paradise, this complex promises a streamlined caretaking experience.
Your caretaking duties will include maintaining the pool, ensuring the complex remains immaculate, and overseeing minimal garden and lawn careall with a focus on maintaining the highest standards.
Enjoy a generous Body Corporate remuneration of $97,188, paired with the flexibility of NO set office hours, allowing you to manage your time effectively. Theres also no requirement to purchase real estate or live onsite, giving you the freedom to stay in your current residence.
With a 24 year agreement and no real estate obligations, this is an attractive business opportunity you wont want to miss.
Opportunities like this dont come along oftencontact me today to learn more.
Net Profit: $115,000
More Information
- Total Purchase Price: $555,000
- Net Income: $ 115,000
(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