Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price of $520,000 with reported net profit of $105,000.
2. Combined Body Corporate remuneration of $110,000, reviewed annually in line with CPI.
3. Two caretaking only management rights businesses in prime waterfront Redcliffe locations, within 10 minutes drive of each other.
4. Flexible part time operation with no set office hours, no weekends and no requirement to live onsite.
5. No unit or other real estate purchase required.
6. Modern apartment complexes, only five and six years old, with minimal facilities and straightforward caretaking duties.
7. Healthy years remaining on the agreements provide long term security.
8. Opportunity for RLA licence holders to add permanent rentals to their letting pool and increase net profit.
9. Suitable as an addition to an existing management rights portfolio.