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$550K NET INCOME - 23 YEAR AGREEMENTS - UNI ACCOMMODATION
$4,100,000
Permanent Management Rights, ROBINA QLD
Unbeatable location! The property is central to major facilities on the Gold Coast. Offering low maintenance living, a short walk to Bond University and Varsity Lakes CBD. Only a few minutes' drive to Robina Town Centre, popular Gold Coast beaches and schools. Public transport stops at the front door.
Secure, resort style living environment with top facilities, including pool, spa and gym makes for popular student accommodation for those attending Bond University.
The mix of both a student and permanent letting pool provides for the flexibility and security of income from both revenue streams. Exceptional return on investment for owners in the letting pool.
A healthy 23 years remaining on management agreements. Excellent location with very strong rental demand.
3-bedroom onsite manager's accommodation with the good size office attached.
This Gold Coast Management Rights business offers an excellent return on your investment with the real estate component approx. 19% of total capital outlay.
Contact me now and invest in your future.
More Information
- Total Purchase Price: $4,100,000
- Net Income: $ 552,500
()
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?