Southbank, Victoria

CARETAKING BUSINESS IN MELBOURNE'S SOUTHBANK EARNING $147,000 | Resort Brokers ID : MRC007842

Under Contract / Offer

Business Description

Centrally location in vibrant Southbank - Southside Gardens is a fully established caretaking only business representing excellent value and offer strong security of an income for the new manager. The business has no requirement to live on-site, is neatly presented and has no letting component. A great add-on or entry opportunity for a newcomer to the industry!

- Caretaking Only business with annual salary of $147,130 p.a. as of August 2023
- Additional revenue streams from cleaning & window servicing paid from OC twice yearly (not included in income)
- No requirement to own a lot in the scheme or to reside on site
- Current on-site hours are Monday to Friday 7-3pm
- Well maintained complex comprising 91 apartments
- No letting appointments, current owners have not explored this option
- On-site facilities include communal swimming pool, gymnasium and landscaped gardens
- All gardening managed direct by OC, only mowing and trimming required by manager
- Renewed term (Nov 2022) with 8.5 years now remaining on Caretaking Agreement

Date updated: 07 Apr 2024 23:00:13

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $147,130 Remuneration / Body Corp Salary: $147,130

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 91Agreement Term Remaining: 9 years
Marketing Agent
Listing location

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