WELL-RUN COMPLEX WITH LIGHT WORKLOADâSTART SMALL, BUILD YOUR PORTFOLIO. | Resort Brokers ID : MRB008420

$495,000

Permanent Management Rights, ROBINA QLD

ResortBrokers presents 'Four on Orr', an excellent business opportunity for newcomers or local operators in the management rights space. This business-only opportunity offers a manageable Body Corporate caretaking role with no on-site residency requirement.

The asset comprises 30 units, with a projected 22 in the permanent letting pool, generating rental income between $730 - $950 per week. Located near major shopping centres, beaches, schools, and transport, it features an inground pool and undercover Barbeque area overlooking Lake Orr making it an attractive proposition for potential tenants.

- Rental income generated from units ranges from $730 to $950 per week.
- Caretaking& Letting business only opportunity with no on-site residency requirement.
- Body Corporate duties are manageable and not time-consuming.
- Ample storage areas and caretaker office space located in the carpark.
- All caretaking equipment is provided and owned by the Body Corporate.
- Strategically positioned near major shopping centres, beaches, schools, and transport links.
- Features an inground pool with an adjacent undercover Barbeque and dining area, offering stunning views of Lake Orr.
- An ideal addition to an existing business portfolio due to its easily managed nature.
Date updated: 24 Nov 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $495,000
Net Income: $ 121,069 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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.}

Letting Business

Letting Pool: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 14
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 45,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Inground pool with adjacent undercover BBQ&dining area overlooking Lake Orr Ideally located close to major shopping centers, beaches, schools and transport.