LUCRATIVE ROBINA BUSINESS + LARGE 3 BEDROOM TOWNHOUSE | Resort Brokers ID : MR008142
$4,100,000
Permanent Management Rights, Robina QLD
ResortBrokers presents an exceptional management rights and letting business of a substantial student and permanent rental complex in the heart of robust Robina.
The management role, which requires minimal office hours to be worked from the on-title and attached office, is supported by pool and grounds contractors.
This lucrative business has a compelling Net Profit of $552k and is backed by an impressive $177k Body Corporate salary, with the potential to unlock further income via converting outside lets.
With 23-year agreements, this is a long-term investment, offering high financial rewards and supported by a proactive Body Corporate.
Seize the opportunity to enjoy a coastal lifestyle, living near fantastic amenities in a generous 3-bedroom townhouse with a guaranteed income.
- Manager's unit - three bed, two bath, four car spaces
- Permanent rental complex with low vacancy rates
- 122 units, 53 in letting pool, 11 outside lets present upside
- Management role supported by contractors
- Solid Body Corporate salary
- Resort-style amenities, impeccably maintained
- Close to the university, public transport, and shopping district
- Upside potential via Repairs& Maintenance
- Inspection by appointment only
Date updated: 28 Apr 2024 23:00:06
More Information
- Total Purchase Price: $4,100,000
- Net Income: $ 552,506
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 790,000
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?