Proudly supported by all of the industry's leading brokers
Beachside Caretaking Opportunityâ Flexibility, Income&Coastal Living
$340k MR$850k Unit = Total $1.190M
Permanent Management Rights, MARGATE QLD
Beachside Caretaking Opportunity Flexibility, Income & Coastal Living
This is a rare chance to secure a caretaking-only management rights business in the heart of Margate Beachone of Redcliffes most desirable coastal locations. Offering flexibility, secure income, and an enviable beachside lifestyle, this opportunity is perfect for both investors and owner-operators.
Caretaking Salary: $114,340 p.a. - Business price: $340,000 @ 2.99x Multiplier
Managers Unit: $850,000 A spacious 3-bedroom, 2-bathroom apartment with an office, ample storage, and a private backyard.
Total Price: $1,190,000
Agreement Terms: 10 years remaining on a standard module, providing security and stability. No requirement to live on-site & no set office hours enjoy a true lifestyle business.
Your Lifestyle & Investment Options
The managers unit is currently rented by the room, generating $39,520 per year. You can choose to maintain this high-yield setup, lease the unit as a whole, or move in and enjoy a premium coastal lifestyle.
Live & Work by the Beach!
Just 50m from Margate Beach, this is your chance to embrace the best of the Redcliffe Peninsula. Stroll to Margate and Suttons Beach, where calm waters, scenic foreshore parks, and family-friendly spaces create the perfect coastal escape. Enjoy a morning coffee at the local cafes, then explore Redcliffes vibrant dining scene, from boutique waterfront bars to renowned seafood spots. Spend your weekends fishing off the jetty, kayaking in the bay, or soaking up the lively atmosphere of Redcliffes bustling markets and community festivals.
A profitable, flexible, and lifestyle-friendly business in an unbeatable locationthis opportunity wont last long!
More Information
- Total Purchase Price: $340k MR$850k Unit = Total $1.190M
- Net Income: $ 114,340
(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: 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
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?