Caretaking Only at Kings Beach!

$1,425,002

Caretaking management rights, Kings Beach QLD

As a Broker based on the Sunshine Coast, Kaylene is more than happy to meet and discuss this great Kings Beach Caretaking Only Opportunity!

This is a straightforward caretaking role in a medium-rise and medium-sized residential complex. There is significant upside here for a motivated incoming manager to start a letting business, short-stay or permanent, whatever works.

The remuneration at $141,782 + GST represents a good income for the role.

To get the local market knowledge and a clear understanding of this Sunshine Coast opportunity, call Kaylene Walker on kaylene@ or 802. She can then send you the information package and set up a time to inspect and discuss.

More Information

Financial Overview

Total Purchase Price: $1,425,002
Net Income: $ 141,736 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 975,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.2
_{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: 0
_{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: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 76
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 141,736
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 15 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: In an elevated position with ocean views, this complex has the standard building facilities.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 975,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: This modern 3-bedroom and 2-bathroom managers residence with a great balcony area plus two secure basement parks, is one to be seen.The dual access to this apartment, provides you with many options, such as short-stay in one part or the whole, or a simple Airbnb.