This permanent Management Rights business can be run by one person easily.
No set office hours, the current owner only come the complex once or twice a week, or fortnightly. Only one owner lives in the complex. Caretaker agreement is 20 years long. The manager’s unit is rented out for $350.00 per week. It has 3 br, 2 and a half bathroom, 2 carparks, air-conditioned.
If you are looking for an excellent investment at the right price, then this management rights ticks all the boxes. The owners need a quick sale as they have been here over 12 years.
Very manageable caretaking workload
Potential to pick up more lettings and sales of units
An outstanding managers unit
Unit Price: $350,000.00
Net income: $63760.91 Business price:$242,290.00