Norman Park
$260,000
Management Rights
- 38 Total Units
- Permanent Complex Type
- $51,931 Remuneration
- $51,931 Net Profit
- BBQ, Pets Allowed Features
Property Description
BRISBANE - CARETAKING ONLY - NO REAL ESTATE
• On offer is a caretaking only Management Rights business in the popular Brisbane suburb of Norman Park and an ideal add-on for existing operators. Also, an opportunity for newcomers with previous cleaning / gardening experience. • This well presented permanent 38 lot apartment complex is just 5 years old with minimal facilities. • The caretaking duties are straight forward and manageable with a current Body Corporate salary of $51,931pa. ex GST. (adjusted annually by the greater of 3% or CPI) • The management agreements have 20 years to run. • The current caretaker has enjoyed a positive working relationship with the committee, however, is now rationalising their portfolio to take on further opportunities.
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