Permanent Management Rights in Arundel

$320,000

Caretaking management rights, Coombabah QLD

Permanent Management & Letting Rights in Arundel.
- Total income - $78,000 pa nett (excl GST)
- No office hours & easy gardening.
- Small and quiet secure gated complex
- Great Arundel location, close to everything
- No requirements to live on-site
- No real estate to buy
- No set office hours
- No facilities to manage, only gardening
- 21 years from 25 years agreement
- 41 villas in total, 3 - in rental pool
- Good BC salary of $67,630 pa (excl GST)
with yearly CPI increase
- Rental income of $10,370 pa (excl GST)
- Big opportunity to rent or sell in popular complex
- Lots of additional income for handyman
- Supportive BC committee
- Near new utility buggy is included
- Big shed for tools and equipment storage
- Inspections are welcome by appointment

More Information

Financial Overview

Total Purchase Price: $320,000
Net Income: $ 78,000 (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: 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.}

Letting Business

Letting Pool: 3
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 33
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 67,630
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 21 years
_{How long has the management rights existed.}

Office Hours: no office hours
_{Required Office Hours}

Complex Features: Permanent Management Rights in Arundel,No office hours easy gardening,Small and quiet secure gated complex,Great Arundel location close to everything,No requirements to live on-site,No real estate to buy,No set office hours,No facilities to manage only gardening