Arundel, Queensland
Permanent Management Rights in Arundel. No office hours & easy gardening.
$290,000
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
- 25 years agreement
- 41 villas in total, 4 - in rental pool
- Good BC salary of $69,254 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: $290,000
Net Profit: $79,624 Remuneration / Body Corp Salary: $69,254Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. The business is a permanent management rights opportunity located in Arundel, with a secure gated complex and a total of 41 villas.
2. The complex is in a great location, close to amenities and with easy access to everything.
3. There is no requirement for the manager to live on-site, and no real estate to buy.
4. The business has no set office hours and only requires gardening as the main responsibility.
5. The business has a 25-year agreement with 21 years remaining.
6. The business has a good body corporate salary of $69,254 per annum (excluding GST), with a yearly CPI increase.
7. The rental income for the business is $10,370 per annum (excluding GST).
8. There is a big opportunity for the manager to rent or sell units in the popular complex.
9. The manager can also earn additional income as a handyman.
10. The business has a supportive body corporate committee.
11. A near new utility buggy is included in the sale, and there is a big shed for tools and equipment storage.
12. Inspections are welcome by appointment.
