Caretaking Only Entry with Huge Multi Upside Potential - ID 8175
Caretaking Only Management Rights for Sale
No Rental Management, Secure Salary, Minimal Hours
- All permanent residential building with 11 units managed by outside agents and 13 lock-ups.
- No rental management - caretaking only, supported by a strong and stable Body Corporate salary of $88,178 plus GST, indexed annually to CPI.
- No requirement for a real estate licence, no trust account setup, and no property management software - resulting in almost no additional operating costs.
- Substantial upside potential through expanding the rental roll and earning sales commissions if the new manager holds a real estate licence.
- No fixed office hours and very simple caretaking duties requiring only a few hours per week.
- 10-year agreement with 9 years remaining and a very cooperative, friendly committee.
- Net profit of $96,352 with multiple channels of significant income upside potential, including adding your own rental management, property sales commissions, repairs and maintenance income, whole-site redevelopment potential with outstanding future upside.
- Very spacious manager's residence featuring 3 bedrooms, 2 bathrooms, 1 secure car space, a private courtyard, and a balcony with ample storage.
The best location in Main Beach on the Gold Coast - walking distance to famous beaches, parks, restaurants, clubs, and public transport. Secure substantial and easy income growth opportunities with a relatively small entry-level investment. Total price only $2,100,000, including a 3-bedroom apartment in prestigious Main Beach.
Net Profit: $96,352
Asking Price: $2,100,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this Gold Coast Management Rights opportunity contact:
Management Rights Broker
Bill He
Property Code: 1103
For more details, please email broker or call agents.
