Main Beach, Queensland

Caretaking Only Entry with Huge Multi Upside Potential - ID 8175

$2,100,000

Business Description

Caretaking Only Management Rights for Sale
No Rental Management, Secure Salary, Minimal Hours

- All permanent residential building with 11 units managed by outside agents and 13 lock-ups.

- No rental management - caretaking only, supported by a strong and stable Body Corporate salary of $88,178 plus GST, indexed annually to CPI.

- No requirement for a real estate licence, no trust account setup, and no property management software - resulting in almost no additional operating costs.

- Substantial upside potential through expanding the rental roll and earning sales commissions if the new manager holds a real estate licence.

- No fixed office hours and very simple caretaking duties requiring only a few hours per week.

- 10-year agreement with 9 years remaining and a very cooperative, friendly committee.

- Net profit of $96,352 with multiple channels of significant income upside potential, including adding your own rental management, property sales commissions, repairs and maintenance income, whole-site redevelopment potential with outstanding future upside.

- Very spacious manager's residence featuring 3 bedrooms, 2 bathrooms, 1 secure car space, a private courtyard, and a balcony with ample storage.

The best location in Main Beach on the Gold Coast - walking distance to famous beaches, parks, restaurants, clubs, and public transport. Secure substantial and easy income growth opportunities with a relatively small entry-level investment. Total price only $2,100,000, including a 3-bedroom apartment in prestigious Main Beach.

Net Profit: $96,352
Asking Price: $2,100,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this Gold Coast Management Rights opportunity contact:
Management Rights Broker
Bill He

Property Code: 1103

Business Summary

Business Snapshot

Price: $2,100,000 Net Profit: $96,352 Remuneration / Body Corp Salary: $88,178

Managers Unit

Value of Managers Apartment: $1,700,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Spacious apartment features 3 bedrooms, 2 bathrooms, and a secure car space.

Complex Information

Complex Type: CaretakerAgreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Caretaking only management rights, no rental management required, supported by a secure Body Corporate salary of $88,178 plus GST indexed annually to CPI.
2. No real estate licence requirement, no trust account or property management software needed, resulting in minimal operating costs.
3. Very low time commitment, simple caretaking duties requiring only a few hours per week and no fixed office hours.
4. Strong financial performance with reported net profit of $96,352.
5. Significant upside potential by expanding the rental roll and earning sales commissions if the incoming manager holds a real estate licence.
6. Additional income opportunities through repairs and maintenance, property sales, and whole-site redevelopment potential.
7. Long agreement security, 10-year standard module with 9 years remaining, and a cooperative, friendly committee.
8. Manager’s residence included, spacious 3 bedroom, 2 bathroom apartment with private courtyard, balcony, secure car space and substantial listed value of $1,700,000.
9. Prime Main Beach Gold Coast location, walking distance to beaches, parks, restaurants, clubs and public transport, enhancing tenant appeal and resale potential.
10. Attractive entry proposition, total asking price $2,100,000 inclusive of the manager’s apartment, offering substantial income growth opportunities for a relatively small operational workload.

Management Rights Multiplier: 4.15
ROI Estimate: 24.09%