Luxurious Lifestyle Management Rights with Exceptional Income - ID 8849

$3,470,000

Permanent management rights, Robina QLD

Permanent Management Rights For Sale

Seize the opportunity to own a high-income management rights business in the heart of Robina. This business offers a robust net profit exceeding $400,000, supported by a stable Body Corporate salary of around $300,000. With comprehensive systems, well-documented procedures, and flexibility in operations, this business ensures ease of management and adaptability for the new owner.

- Net profit over $400,000 annually
- Stable Body Corporate salary of around $300,000
- Streamlined systems and documented procedures
- Minimal office hours: 2 hours per day / 4 days per week
- Potential for additional income through maintenance services
- Option to outsource or manage key tasks to suit your lifestyle
- Resort style facilities in a prime Robina location
- Includes a luxurious 4 bedroom residence

This opportunity combines lifestyle and income potential, offering a well managed, profitable business in one of Robina's most desirable areas.

Net Profit: $405,020
Asking Price: $3,470,000
(Inclusive of Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: $3,470,000
Net Income: $ 405,020 ()
_{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: 5.7
_{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: 39
_{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: 23 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Resort style lakefront swimming pool, heated spa, sauna steam room, gym, function room, security gated

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: Perfect blend of comfort style. Double storey free standing home features 4 spacious bedrooms, 2.5 bathjrooms, double lock up garage, air conditioning, landscaped courtyards and patios, solar power system. This well appointed home not only supports the demands of the management role but also provides a luxurious and peaceful retreat.