Calling All Aspiring Homeowners:Guaranteed Income and Work-from-Home Opportunity | Resort Brokers ID : MRC008473

$775,000

Permanent Management Rights, URANGAN QLD

ResortBrokers presents Bay Village, Hervey Bay. This exceptional opportunity features a four-bedroom residence that offers both a comfortable home and an annual income of $63,763. Perfect for those looking to work from home, this setup addresses the cost of living and rental crisis by seamlessly combining home ownership with financial stability, all while managing the common areas of a beautiful resort.

The property operates under a caretaking-only model, eliminating the need for a real estate license and trust accounting. This simplifies the management process, making it an attractive proposition for those seeking a hassle-free home and income set up.

The Bay Village is more than just a property; it's a lifestyle choice. It's about enjoying the freedom that comes with no set office hours, the security of a gated community, and the convenience of being close to the beach, shops, and cafes.

This is a rare opportunity to secure a property that offers a perfect blend of work and lifestyle. Don't miss out on this unique investment opportunity at Bay Village, Hervey Bay.

- Four-bedroom residence with a substantial annual income of $63,736 - a perfect home ownership opportunity with guaranteed income to offset mortgage/ living expenses
- Simplified management with a caretaking-only model - no real estate license or trust accounting required
- Flexible lifestyle with no set office hours - manage your time as you please
- Annual remuneration increase in line with CPI - a secure and growing income stream
- Low-maintenance gardens complemented bya pool and barbecue area - easy upkeep with one-person
- Secure living in a gated community tailored for mature residents - peace of mind and a sense of community
- Prime location near the beach, shops, and cafes - convenience and lifestyle at your doorstep
- Inspections by appointment only
Date updated: 17 Nov 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $775,000
Net Income: $ 63,763 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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.}

Letting Business

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

Owner Occupiers: 19
_{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: 7
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 27
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 63,763
_{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: 23 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: Located in one of the best retirement lifestyle complexes in the Bay on a freehold title (no get-out fees), only minutes from Urangan Central Shopping Centre, Botanical Gardens and Boat Club. This townhouse is suitable for anyone who is retired and wanting to downsize and travel as well as an astute investment, come and go as you please knowing your property is safe and secure. This is a must-see property.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: This low maintenance two-bedroom townhouse will appeal to discerning retirees or investors. Spacious and light filled featuring high ceilings, combined kitchen and dining, separate living area with split system air-conditioning. An undercover patio provides additional room for entertaining outdoors.