[Selling 24-year property management rights for $300,000 Income]

Business Highlights  : 

1. The contract is to be topped up to 25 years in 2022, with 24 years remaining . It’s a healthy community, easy to manage.
2. The body corporate income is $206,000 , accounting for 2/3 of total income , a stable income structure. Salaries steadily increase annually in line with the Consumer Price Index (CPI). Management of the leasing pool generates nearly $100,000 in revenue, with significant potential for rental growth, leading to increased management income. Total annual revenue is $300,000, with an annual net profit of $280,000.
3. The caretaking agreement does not specify office hours or require on-site residence.
4. Excellent location, close to large shopping malls, M1, airport and golf course, 7.5 km from Brisbane CBD, and near well-known colleges.