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
Fantastic location
An outstanding managers unit
Unit Price: $350,000.00
Net income: $63760.91 Business price:$242,290.00
Total: $607,290.