Hollywell, Queensland
Simple Caretaking and Letting Role – no unit, no fixed hours, no need to live onsite!!
$150,000
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: $150,000
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. Simple caretaking and letting role, no unit included, no fixed hours, no requirement to live onsite.
2. Minimal on-title facilities and gardening to maintain, because common area maintenance is managed by the adjacent partner complex.
3. Bolt-on role within a larger gated complex, implying integration with existing management and security.
4. Listed price $150,000 with net profit $40,100, representing approximately 26% ROI.
5. Remuneration / Body Corp salary shown as $33,400, indicating most profit is delivered as operator remuneration.
6. Permanent complex comprising 26 total units, with only 3 units currently in the letting pool.
7. Long-term accommodation agreement, original term 25 years with 15 years remaining, providing contract stability.
8. Strong on-site amenities including pool, spa, sauna, gym, tennis court, BBQ area, and function facilities, enhancing letting appeal.
9. Low operational complexity suggested by the small letting pool and partner-managed common areas, suitable for a hands-on or part-time operator.
10. Inspection contact provided (Gavin), facilitating immediate buyer due diligence and viewing.
