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LOW-COST ENTRY TO MANAGEMENT RIGHTS WITH STRONG RETURNS AND SIMPLE OPERATIONS | Resort Brokers ID : MR008986
$395,000
Permanent Management Rights, BANORA POINT NSW
ResortBrokers brings to market Greenway Gardens, ideally positioned in the heart of Tweed Heads South -just 10 minutes from the southern Gold Coast and Gold Coast Airport.
Offering a low-cost entry into the management rights industry with no real estate purchase required, this business-only opportunity offers excellent returns, minimal overheads, no set office hours and a lifestyle-friendly workload.
The incoming operator will enjoy a guaranteed income with a caretaking salary of over $70,000, indexed annually to CPI with additional earning potential via undertaking body corporate work and unit owner maintenance requests.
Secured by standard module ten-year caretaking and letting agreements, this business can easily be run by one person, streamlined operations make this the perfect solo venture or a great income supplement.
- Permanent residential gate complex, 54 townhouses, 16 in the letting pool
- No real estate purchase, no requirement to reside on site
- Flexible operation with no set office hours
- Easily managed duties with minimal workload
- Secured by standard module caretaking and letting agreements
- Well-maintained complex, including a storage shed and a function room
- Strong community of owner occupiers and long-term tenants
- Inspections are by appointment only
Date updated: 19 Nov 2025 22:00:02
More Information
- Total Purchase Price: $395,000
- Net Income: $ 116,469
(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