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Management Rights Opportunity in Vibrant Robina Secure Income
$565k MR$775k Unit = Total $1.34M
Permanent Management Rights, ROBINA QLD
Nestled within the vibrant community of Robina, Greenwich on Riverwalk presents a unique opportunity for those seeking a blend of business potential and comfortable living.
This management rights offering encompasses 51 units, with 12 currently in the letting pool and an additional 13 managed by outside agents, highlighting significant potential for growth. The business boasts a robust Net Profit of $146,527, ensuring financial stability and promising returns. Secure 25-year agreements with an active and supportive committee provide peace of mind and a proven track record of success. The operation is streamlined, featuring minimal facilities to manage, low-maintenance gardens, and flexible office hours, making it ideal for a single operator seeking a balanced lifestyle.
The manager's apartment is a contemporary two-bedroom, two-bathroom unit designed for comfort and convenience. The open-plan living area is light-filled and airy, promoting easy living in an established community. A street-level office ensures a convenient and professional separation from the residence, ideal for efficient business management. The residence includes two secure parking spaces, providing ample room for personal and business vehicles.
Residents and the manager can enjoy a range of amenities, including a saltwater swimming pool and BBQ area, providing relaxation and entertainment options. An easy and direct walking path leads to all the retail and dining amenities of Robina Town Centre, with nearby Arbour Avenue offering additional conveniences.
CBD Robina
With a solid Net Profit of $146,527 offers financial stability and excellent growth potential.
Well-maintained 25-year agreements with an active, supportive committee provide peace of mind.
Minimal facilities to manage, low-maintenance gardens, and flexible office hours make this business perfect for a single operator.
With 51 units in total12 in the letting pool and 13 managed by outside agentsthere are ample opportunities to expand the letting pool and increase income.
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More Information
- Total Purchase Price: $565k MR$775k Unit = Total $1.34M
- Net Income: $ 146,527
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 775,000
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?