Arundel, Queensland
Permanent Management Rights in Arundel. No office hours & easy gardening.
$349,000
Business Description
- 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
- 23 years from 25 years agreement
- 41 villas in total, 4 - 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
Business Summary
Business Snapshot
Price: $349,000
Net Profit: $78,000 Remuneration / Body Corp Salary: $67,630Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 3Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
- The complex is located in a small and quiet secure gated community in the desirable suburb of Arundel.
- The location is close to all amenities, including shops, schools, and public transport.
- The agreement term is 25 years, with 21 years remaining, providing long-term stability for the business.
- There are no requirements to live on-site, providing flexibility for the manager.
- There is no real estate to buy, reducing the upfront costs for the buyer.
- The business has no set office hours, allowing for a good work-life balance.
- The only facilities to manage are the gardens, making it an easy and low-maintenance business.
- The business has a good BC salary of $67,630 per annum (excluding GST), with yearly CPI increases.
- There is also additional income potential from renting or selling units in the complex.
- The complex has a supportive BC committee, making for a positive working environment.
- A near-new utility buggy and a big shed for tools and equipment storage are included in the sale.
- There is also potential for additional income from handyman services.
- Inspections are welcome by appointment, providing potential buyers with the opportunity to view the business and its operations.
