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Effortless Property Caretaking, No Real Estate, Maximum ReturnsâYour Ideal Investment
$340,000 - Business Only
Permanent Management Rights, COOMBABAH QLD
Runaway Vista - Business-Only Management Rights
Location: Runaway Bay, Gold Coast
Total Units: 48
Letting Pool: 4 Units
Net Profit: $81,712
Body Corporate Salary: $78,908
Unit Purchase: No unit purchase required
Office Hours: Contactable during normal business hours, with no mandatory office presence.
The Runaway Vista Management Rights offer an exceptional opportunity for investors seeking a business-only management role with no need to purchase real estate. This caretaking position focuses on maintaining the common areas and ensuring the smooth operation of the complex without the need for an on-site office. Responsibilities include basic caretaking tasks such as mowing, cleaning common areas, and pool maintenance.
Business-Only Model: No requirement to purchase a managers unit, reducing the initial capital investment.
Contactable during Business Hours: Flexibility in managing the role while being available for necessary communication and tasks.
The Runaway Vista Management Rights are ideal for a hands-on operator who enjoys the flexibility of a business-only model while delivering excellent care for the complex. With a strong net profit and a stable body corporate salary, this management rights opportunity offers a balanced and profitable role in a highly desirable location.
More Information
- Total Purchase Price: $340,000 - Business Only
- Net Income: $ 81,712
(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