Premium Waterfront Management Rights Robina

$3,470,000

Permanent management rights, Robina QLD

Discover this stunning waterfront permanent management rights business nestled in highly sought after Robina, promising exceptional return on your investment.

Located within a gated estate, this up market complex features a magnificent array of resort style amenities including a stunning pool area overlooking the lakefront, heated spa, recreation room, gym, sauna and steam room.

Enjoy substantial earnings with a generous Body Corporate salary exceeding $300k, in addition to letting commissions, resulting in an annual income surpassing $400k. Office hours are only two hours per day, four days per week with all office procedures automated. A generous P/L has allowed for a $35k wage expense which the current owners utilise to outsource a gardening company part-time to assist in maintaining lawns/gardens within the complex, assisting the current owner with daily tasks.

The spacious managers residence comprises a modern, airconditioned, double storey freestanding home with 4 bedrooms, 2.5 bathrooms, double lock up garage, modern kitchen, courtyards, patios and 34sqm of landscaped yard complete with the added bonus of solar.

Conveniently situated within walking distance to schools, hospital, train station, a sporting stadium, and with buses at your doorstep, this prime location also boasts a private walkway leading directly to Robina Town Shopping Centre.

This incredible business opportunity comes with even more upside, call me today to discuss.

Net Profit: $405,020

Property Code: 34

More Information

Financial Overview

Total Purchase Price: $3,470,000
Net Income: $ 405,020 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{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.}

Letting Business

Letting Pool: 42
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 109
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 151
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 293,019
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 22 years
_{How long has the management rights existed.}

Office Hours: 2 Hours per day Mon, Tues, Thurs Fri Closed: Weds, Sat, Sun
_{Required Office Hours}

Complex Features: Resort style Pool, Heated Spa, Recreation Room, Gym, Sauna and Steam Room. Full Secured Estate, Intercom Cameras

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Large modern, airconditioned freestanding home, 4 bedrooms, 2.5 bathrooms, double lock up garage, modern kitchen, courtyards, patios and 34sqm of landscaped yard + 6.4kw solar