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Top-Tier Caretaking Agreements with Income Growth Potential - ID 7991
$1,470,000
Permanent management rights, Bundall QLD
Permanent Management Rights for Sale
Effortless Supervisory Role - A Super Easy Business
- Minimal Workload: Very little effort required, leaving plenty of spare time.
- High Body Corporate Salary: $97,000 plus GST, with annual CPI increases.
- Flexible Work Hours: No set office hours.
- Letting Pool: Comprises 20 permanent rental units.
- Long Agreement: Expiring in 2044, with 19 years remaining.
- Exceptional Caretaking Agreement: Primarily a supervisory role however, if you choose to perform tasks yourself, you can earn additional income.
- Spacious Villa: Features 3 bedrooms, 2 bathrooms, and 5 car spaces.
- Relaxing Outdoor Space: Includes a large, beautiful backyard.
- Comfortable Living: Equipped with up to 4 air conditioners for a cool and comfortable environment.
- Prime Location: Situated in a peaceful setting within the heart of the Gold Coast, close to shops, the beach, major shopping centres, golf courses, racecourses, and quality schools.
- Selling Price: Only $1,470,000, including a large, spacious 3-bedroom villa.
Less work, easy income, and exceptional flexibility.
Compare this with others, and youll see the real difference.
Opportunities like this dont last longact quickly to avoid regret.
Net Profit: $147,000
Asking Price:$1,470,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $1,470,000
- Net Income: $ 151,486
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?