Unlock Robina's Location: Net Profits over $141,000 in a Vibrant Business Hub!
$1,341,000
Permanent Management Rights, ROBINA QLD
With an established and expanding business precinct bordered by natural waterways, bicycle paths, landscaped walkways, and recreational spaces, sought-after Robina offers a high standard of staff amenities and lifestyle benefits. Explore a vibrant education, medical, and business precinct surrounded by local entertainment, all conveniently located nearby. Youll find yourself at the heart of it all while enjoying the advantages of a relaxed and privileged lifestyle. Robina has a proven track record as a suburb with excellent transport options, making it appealing to renters and ensuring the new onsite manager consistently low vacancy rates and quality tenancies.
With a robust Body Corporate salary and letting income (Net $141,588), this business provides an excellent foundation for incoming purchasers and a stable income. Long-standing and well-managed 25-year agreements demonstrate a positive relationship with the active and supportive committee, solidifying the business's value.
The office is on the street level, which is ideal for operating this management rights business. It provides the incoming manager with a separate workspace from the residence.
The complex comprises 51 units, 11 in the letting pool and 13 Outside Agents.
The well-appointed, contemporary managers apartment is highly livable, featuring two bedrooms, two bathrooms, and two parking spaces. With minimal onsite facilities to manage or clean, low-maintenance gardens and flexible office hours, this presents an outstanding Management Rights opportunity that a single individual can easily manage.
For buyers seeking a Management Rights complex in this price range, it would be challenging to find a better option easy operation, long-term agreements, cooperative committee, potential growth through external agents, and a modern, spacious managers residence, all in an excellent location.
More Information
- Total Purchase Price: $1,341,000
- Net Income: $ 141,588
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 725,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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?