Exceptionally Rare Large Scale Permanent MLR in prime location! | Resort Brokers ID : MR008023
$6,240,000
Permanent Management Rights, Robina QLD
ResortBrokers is excited to present exclusively to market an exceptional management rights business opportunity in thriving Robina on Queenslands Gold Coast. This exclusive property offers a unique blend of profitability, professional functionality and opportunity, making it an ideal investment for discerning experienced operators.
The P&L demonstrates a strong net profit of $766,152 per annum backed by a generous body corporate remuneration. The business operates under accommodation module agreements, with more than 23+ years remaining, demonstrating the longevity and stability of this investment
This is a golden opportunity for astute operators to seize a remarkable management rights opportunity in a highly tenanted area within one of the Gold Coast's fastest-growing regions. Don't miss out act quickly and contact ResortBrokers today to embark on this exciting venture!
- Long term stability with a 25-year Caretaking& Letting Agreement that has more than 23+ years remaining
- High net profit $766,152 with strong body corporate salary that escalates yearly
- Operational freedom with no requirement to live onsite and no set office hours
- Easy manageable caretaking duties and low-maintenance gardens
- Prime location with seamless access to local amenities and high rental demand
- Positive and collaborative working relationship with the supportive body corporate
- Significant bottom-line growth potential
- Inspections by appointment only
Date updated: 01 May 2024 01:00:04
More Information
- Total Purchase Price: $6,240,000
- Net Income: $ 766,152
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?