|
Description: A Premium Management Rights Opportunity in a Thriving Residential Complex
Ras360 presents a highly desirable management rights opportunity in the heart of Tweed Heads South. This well-established and meticulously maintained permanent residential complex offers a stable income stream, an attractive caretaking agreement, and a beautiful freestanding 4-bedroom manager’s residence on its own block.
✔ Caretaking & Letting Business – Secure income with a long-term caretaking agreement in place, ensuring consistent revenue and minimal workload.
✔ Strong Letting Pool – 74 permanent rentals under management, with additional potential to grow.
✔ Solid Net Profit – The business generates a net profit of $570,778 per annum.
✔ Body Corporate Salary – $345,239 + GST per year, indexed to CPI, providing a secure baseline income.
✔ Minimal Office Hours – Flexible work arrangements with the ability to outsource tasks as required.
Caretaking Agreement
• Term: 10 years, ensuring long-term security.
• Duties: Basic upkeep of common areas, gardens, pool maintenance supervision, security monitoring, and overseeing contractors.
The Manager’s Residence:
• A rare freestanding 4-bedroom home on its own block – a unique and valuable feature in management rights.
• Modern layout with spacious living areas, a private yard, and no shared walls, providing exceptional privacy and comfort.
• No office hours required, allowing flexibility in operations.
The Complex at a Glance:
• 185 units in total, with a strong proportion under management.
• Well-maintained facilities, including a swimming pool, gym, sauna, BBQ area, and function room.
• A thriving community of owner-occupiers and long-term tenants.
|
Click here to format this page for printing
