660

Management Rights
For Sale

Motels / Hotels
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Caravan Parks
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837

Investment Property
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Quality Caretaking Only

$1,700,000

Caretaking management rights, Parrearra QLD

On offer is an excellent business opportunity that offers a stable and profitable caretaking only business, with the potential to generate additional income through the sale of villas within the community. The current manager has averaged an additional $100k per year over the last three years by selling villas within the complex, offering an excellent opportunity to supplement your income

More Information

Financial Overview

Total Purchase Price: $1,700,000
Net Income: $ 197,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.6
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 164
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 165
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 202,359
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: None specified
_{Required Office Hours}

Complex Features: The property features a range of high-quality amenities, including a large swimming pool, a community hall, a social centre and a Bocce court.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious and comfortable 3-bedroom unit, complete with an ensuite, double garage, and a private rear courtyard area that is mostly covered. Improvements include, Solar power 6.6 Kilowatt panels â 5 Kilowatt inverter battery capable, Solar hot water, Plantation shutters, Crimsafe security screens, Ducted air conditioning, Atrium vergola - with rain sensor, Renovation of laundry, Additional storage cabinets in kitchen, garage and bedroom 3, Outdoor patio blinds, Security cameras - Villa entrances and exclusive use areas. The office is conveniently located in the community centre and operates under occupational authority.