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Ideal Starter or Bolt On Caretaking Only
$195,000
Caretaking management rights, Maroochydore QLD
A fantastic entry level or add on opportunity, this caretaking only business offers a simple, efficient and easily manageable operation ideal for a solo operator or an existing manager looking to scale. With no real estate to purchase, it provides an affordable and low risk way to enter the industry or add additional income to an existing portfolio.
The complex is well maintained, presents beautifully, and benefits from a genuinely low workload. The Body Corporate is supportive and proactive, offering stability and confidence for an incoming manager and allowing for smooth day to day operations.
An optional rent roll of 13 properties is also available, generating approximately $3,000 per month in management fees.
Further upside: there is also the opportunity to acquire two smaller caretaking only complexes located nearby, making this an ideal platform for buyers looking to build a small portfolio over time with operational efficiencies.
More Information
- Total Purchase Price: $195,000
- Net Income: $ 46,988
(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: 4.1
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