Hollywell, Queensland
Simple Caretaking and Letting Role – no unit, no fixed hours, no need to live onsite!!
$146,000
Business Description
Simple Caretaking and Letting Role – no unit, no fixed hours, no need to live onsite!!
Common area maintenance is managed by the adjacent partner complex, and therefore there is minimal on-title facilities and gardening to maintain for this bolt-on complex.
This complex is part of a larger gated complex, and offers a 26% ROI.
Well worth an inspection!!!
To arrange an inspection call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: $146,000
Net Profit: $40,100 Remuneration / Body Corp Salary: $33,400
Complex Information
Complex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesFunction Facilities: Yes
Key Investment Insights
1. Asking price $146,000, with reported net profit $40,100, indicating a strong cash-on-cash yield.
2. Advertised 26% ROI, signalling high return relative to purchase price.
3. Business is a simple caretaking and letting role, no unit included, no fixed hours, and no requirement to live onsite, supporting flexible ownership.
4. Remuneration / body corporate salary of $33,400 is separately identified, clarifying owner/operator income structure.
5. Common area maintenance is managed by an adjacent partner complex, resulting in minimal on-title facilities and gardening obligations for the owner.
6. Business is a bolt-on within a larger gated complex, suggesting shared services and potential cross-benefits from the main complex.
7. Complex is permanent type with 26 total units, providing a finite, manageable operational scale.
8. Only 3 units are in the letting pool, indicating limited letting responsibility and scope within the complex.
9. Agreement details: accommodation module, original term 25 years with 15 years remaining, providing long-term operating certainty.
10. Onsite amenities include pool, spa, sauna, gym, tennis court, BBQ area and function facilities, enhancing market appeal to guests and owners.
