Off the plan caretaking rights to Scarborough's newest mid-rise complex | Resort Brokers ID : OTP008274
$267,152
Off The Plan Management Rights, SCARBOROUGH QLD
The Oscar is a brand-new permanent apartment complex located overlooking the pristine waters of Moreton Bay in the burgeoning beach township of Scarborough. On offer is the exclusive caretaking only management rights which are based on 25 year accommodation module agreements. The Oscar will make a fantastic addition to a local area operator's business and is a must to consider!
- The Oscar hosts a total of 45 apartments
- Based on 25 year accommodation module agreements
- Body Corporate salary of $66,788 p.a. ex GST
- No office hours and no real estate to buy
- Manageable caretaking duties suited to one person to operate with ease
- Minimal onsite common facilities
- 11 levels with secure basement parking
- 4 x commercial retail lots to ground level
- One body corporate scheme
- 10sqm manager office and 6sqm cleaning room under OA
- Fantastic location with access to shops, beach, transport and recreation
- All inspections by appointment only
Date updated: 25 Jun 2024 23:00:03
More Information
- Total Purchase Price: $267,152
- Net Income: $ 66,788
(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: undisclosed
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