Mudgeeraba, Queensland

$110,000

Property Description

NO REAL ESTATE TO BUY. 29 PERCENT RETURN

This compact permanent Management Rights operation is an ideal “first time” business, part-time enterprise or a “Bolt On” to your existing business portfolio.

With a total of 16 units in the complex and seven in the letting pool, the bulk of income is derived from Body Corporate salary.

No need to purchase a manager’s unit, no office, no set office hours and minimal grounds maintenance.

Very affordable at only $110,000, representing a total return on investment of 29% on net income of $32,000.

Looking for more? Why not consider also purchasing the sister business next door as one package? Together the two businesses will generate total net income of $86,000 and will including a 3 bedroom, 2.5 bathroom manager’s townhouse with office attached. This package has a total asking price (for both businesses and real estate) of $650,000.

Property Summary

Business Snapshot

Price: $110,000 Net Profit: $32,000 Remuneration / Body Corp Salary: $21,000Body corp salary review: CPI Annually

Managers Unit

Pets OK: Yes
NO REAL ESTATE TO BUY.

Complex Information

Complex Type: PermanentTotal Units in Complex: 16Total Units in Letting Pool: 7Permanent Units: 7Owner Occupy Units: 5Outside Agent Units: 4Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jenny Zheng
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mudgeeraba, Queensland 4213 Exact map location not provided

Similar Properties

Caretaking with Unused Letting Agreement!!
Exclusive

SOUTHPORT
Caretaking with Unused Letting Agreement...

Under Contract / Offer
Net Income: $17,000
Managers Estate: $17,000 - Bed - Bath
Letting Pool: 11
Remuneration: $17,000

Gavern Property - Management Rights
Simple Caretaking and Rentals - No Unit, No Fixed Hours and No Need to Live Onsite!!
Exclusive

HOLLYWELL
Simple Caretaking and Rentals - No Unit, No...

Under Contract / Offer
Net Income: $48,500
Managers Estate: $220,000 - Bed - Bath
Letting Pool: 26
Remuneration: $30,000

Gavern Property - Management Rights
Simple Caretaking Role - No Unit, No Rentals and No Office Hours!!
Exclusive

SURFERS PARADISE
Simple Caretaking Role - No Unit, No...

Under Contract / Offer
Net Income: $27,000
Managers Estate: $100,000 - Bed - Bath
Letting Pool: -
Remuneration: $27,000

Gavern Property - Management Rights
Caretaking and Letting Opportunity - No Need To Live Onsite!!!
Exclusive

TUGUN
Caretaking and Letting Opportunity - No...

Under Contract / Offer
Net Income: $33,500
Managers Estate: $100,000 - Bed - Bath
Letting Pool: 18
Remuneration: $22,500

Gavern Property - Management Rights
Caretaking Permanent Management Rights!!!
Exclusive

TUGUN
Caretaking Permanent Management Rights!!...

Under Contract / Offer
Net Income: $40,000
Managers Estate: $160,000 - Bed - Bath
Letting Pool: 26
Remuneration: $34,100

Gavern Property - Management Rights