EASY INCOME OVER $160K - TRIO OF CARETAKING ONLY COMPLEXES IN MELBOURNE | Resort Brokers ID : MRC008384

$635,000

Permanent Management Rights, St Kilda VIC

Looking for a great income and the chance to be your own boss? Exclusively on the market with ResortBrokers, is the opportunity to secure three building management agreements for these established apartment complexes in Melbourne's inner suburbs.

- Three easy to manage, modern buildings with straight forward cleaning and gardening duties
- No administration duties, no letting appointments to manage and no set office hours
- Opportunity for a hands-on operator to increase the income through repairs and maintenance
- Properties are located in St Kilda, Fitzroy North and Doncaster East
- Recent OC salary increases have resulted in a gross income of $163,539 pa
- No overheads, easy for one person to take on and great way to get experience in the industry
- All properties have 25 year Building Management Agreements
- Current owners have solid and harmonious relationships with the OC's
- Lockable storage spaces in each building for cleaning equipment / consumables
- Will not last long, business opportunities like this are rare to market, enquire today!
- All inspections by appointment
Date updated: 03 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $635,000
Net Income: $ 163,539 (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: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 147
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 163,539
_{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: 25 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 hours
_{Required Office Hours}

Complex Features: Saint: Main internal courtyard, rooftop gardens and general grounds Prominence: Communal courtyard Edinburgh Village: Foyer entrance, basement parking and storage cages