Acquire a premier Business only on the Sunshine Coast | Resort Brokers ID : MRB008433

$350,000

Permanent Management Rights, Sippy Downs QLD

ResortBrokers presents a unique business-only opportunity in the sought-after suburb of Sippy Downs. This easily managed property requires just a few hours of daily attention, making it the perfect income stream for semi-retired individuals or an excellentadd-on to an existing business. With no real estate purchase required, flexible management, and 14 apartments in the letting pool, it offers a profitable and manageable portfolio that balances income with ease of management. The property also boasts low-maintenance gardens and a pool, adding further appeal to this opportunity.

- Business-only opportunity in a sought-after suburb
- Effortlessly managed property requiring only a few hours daily
- Ideal income source for semi-retired individuals or an an additionals or as an additional business
- Single-person operation with ease
- No real estate purchase necessary
- Flexible management with no set office hours and 14 units under management
- Exclusive use of a spacious manager's office
- Low-maintenance gardens and pool, with no additional common area amentities
- Inspection by appointment only
Date updated: 20 Nov 2024 22:00:02

More Information

Financial Overview

Total Purchase Price: $350,000
Net Income: $ 77,940 (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.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 18
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 35
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 48,964
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 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: No set office hours
_{Required Office Hours}

Complex Features: This easily managed business offers an exceptional opportunity for those looking to enter the market without the burden of real estate ownership. With minimal hours required to operate, it provides a flexible lifestyle while generating steady income. The low overhead costs and streamlined operations make it an efficient investment, ideal for someone seeking a work-life balance or a semi-retired individual. Its established client base and straightforward management process ensure a smooth transition, allowing you to focus on growth opportunities or enjoy the freedom that comes with a low-maintenance business.