PRIME WATERFRONT + HIGH NET + MULTIPLE REVENUE UPSIDE | Resort Brokers ID : MR008034
$4,210,000
Permanent Management Rights, Robina QLD
ResortBrokers presents Boheme Apartments, a highly desirable residential management rights business in Robina, offering a modern residence, high net profit, and prime waterfront location with long agreement terms.
The property has been designed with functionality in mind and offers lifestyle flexibility for the manager with no set office hours required and the opportunity to have a nominee reside onsite.
This business presents with great upside through multiple income streams such as driving the rental rate in line with the current market, undertaking repairs and maintenance, unit sales, and converting outside agent lets back into the rental pool. The current operator has also uncovered a great revenue stream in regards to rentingfurniture packs to the lot owners, to meet market demand for furnished units.
- High net profit of over $533k
- Substantial Body Corporate salary $245k+
- 130 units, 54 in letting pool
- 3-bedroom manager's residence + office on title
- Long tenure with 24-year agreements in place
- Prime waterfront location in Robina
- High rental demand area with a low vacancy rate
- Manageable duties + harmonious Body Corporate rapport
- Close proximity to Robina Town Centre
- Inspections are by appointment only
Date updated: 01 May 2024 23:00:02
More Information
- Total Purchase Price: $4,210,000
- Net Income: $ 533,033
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?