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The EASIEST Caretaking Only in Wynnum
$280,000
Caretaking management rights, Wynnum QLD
Are you considering entering the market or adding another to your portfolio? Dont go past this BUSINESS ONLY opportunity. With established gardens, resort style pool and BBQ area, this complex can easily be managed by one person.
- NO CLEANING OR BIN DUTIES REQUIRED.
- ONLY weekly gardening and management of service providers.
- NO Real Estate required to be purchased.
- NO office hours to maintain.
- Storage rooms with inventory to use.
- 9 years remaining, standard module agreement.
- 47 units in the complex.
- Earn additional income from maintenance, cleaning and sales within the complex or work to gain back external rentals.
The owner will throw in 3 doors to the letting pool for FREE, if desired by you!?
Situated in a great location, easy walking distance to the popular waterfront. There are local shops, schools, parks and public transport options nearby making it a highly desirable location.
These sort of opportunities do not last long, so contact the agent today to make your move.
It doesnt get any simpler than this!
More Information
- Total Purchase Price: $280,000
- Net Income: $ 48,000
(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: 5.8
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