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: 1161
Business Summary
Key Investment Insights
1. Caretaking-only management rights for an all-permanent residential building, no rental management obligations, resulting in a straightforward role.
2. Secure Body Corporate salary of $88,178 plus GST, indexed annually to CPI, providing reliable base income.
3. Reported net profit of $96,352, signalling current profitability before pursuing upside opportunities.
4. Minimal weekly hours required, no fixed office hours, and simple caretaking duties, supporting low operational time commitment.
5. No real estate licence required, no trust account, and no property management software needed, reducing setup and ongoing operating costs.
6. Significant upside potential by adding a rental roll and earning sales commissions if the incoming manager obtains a real estate licence.
7. Additional revenue opportunities from repairs and maintenance income, and whole-site redevelopment potential for substantial future value creation.
8. Long-term contract security, 10-year agreement with nine years remaining, backed by a cooperative and friendly committee.
9. Sale price $2,100,000 inclusive of the manager’s real estate, representing a relatively small entry-level investment given included residence and income.
10. Very spacious on-site manager’s residence, three bedrooms, two bathrooms, private courtyard, balcony, one secure car space, and ample storage.
11. Prime Main Beach Gold Coast location, walking distance to beaches, parks, restaurants, clubs and public transport, enhancing tenant appeal and resale value.
