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MULTIPLIER OF 4 - APARTMENT BUILDING - ROBINA CBD
$1,290,000
Permanent Management Rights, ROBINA QLD
We are proud to present this beautifully presented modern residential Gold Coast Management Rights apartment building in an unbeatable location.
The amenities that Robina offer is well known and definitely an advantage when it comes to securing quality tenants. Robina town centre is only a short walking distance away. You also have easy access to public transport and the M1. Close proximity to great schools, Bond University, Train Station, Hospital and CBUS Stadium.
A modern, relatedly low maintenance complex, with a generous Body Corporate salary of $111,000 representing approx. 80% of Net Profit.
Management Agreements with 24 years remaining provide additional security to the incoming manager. No set office hours, providing flexibility in managing the property.
Live comfortably in the well sized 2-bedroom, 2-bathroom, 2-car manager's apartment with secure basement parking, office attached with separate entry. Enjoy the huge entertaining balcony during those special moments.
Offering a rock-solid income and quality lifestyle this business is one not to be missed.
Contact me now to arrange an inspection which will be sure to impress!
More Information
- Total Purchase Price: $1,290,000
- Net Income: $ 140,740
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 725,000
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?