Key Investment Insights
AI generated. Confirm details with the seller.
1. Two caretaking only management rights businesses with combined Body Corporate remuneration of $110,000 and listed net profit of $105,000.
2. Body Corporate remuneration is reviewed annually against CPI.
3. Prime waterfront locations in Redcliffe, with both complexes within a 10 minute drive of each other.
4. Modern apartment complexes built only five and six years ago, with minimal facilities.
5. Straightforward duties include pool maintenance, light gardening, lawn care and maintaining presentation.
6. Part time operation with no set office hours, no weekends and no requirement to live onsite.
7. No real estate purchase required.
8. Healthy years remaining on the management agreements provide long term security.
9. Suitable as an addition to an existing management rights portfolio.
10. RLA licence holders can potentially add permanent rentals to their letting pool to increase net profit.