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No Requirement to Live Onsite - Low 3.89 multiplier - easily run by one person
$945,550
Permanent management rights, Robina QLD
Residential only apartment lake-front living at its finest, nestled in the heart of the Gold Coast. This secure gated complex offers unparalleled convenience, just a stroll away from Bond University & public transport, a short drive to world class shopping, golf courses, hospital, schools and beaches.
Immerse yourself in this beautifully presented 3 bedroom, ensuited 2-way bathroom managers apartment with private courtyard offers so much more than expected with its open plan living & dining areas which seamlessly extend to a private courtyard perfect for alfresco dining and entertaining.
The Sellers have set a realistic multiplier, making this an irresistible opportunity. Enjoy the perks of an extremely light workload with NO requirement to live onsite providing the added benefit of earning an additional rental income circa $34K p.a.
Business & Real Estate Features:
* $90K+ NOP plus $34K rental income from the managers residence
* Modern 3 bedroom plus ensuited 2-way bathroom & secure undercover carpark at below-market price
* Desirable location for sought-after Varsity College catchment area and Bond University
* No requirement to live onsite
* Contactable by mobile phone (no onsite office has been converted to the third bedroom by current owners)
* Easily run by one person (avg 10-12 hrs/wk)
* Low maintenance well-established grounds
* Supportive Body Corporate & great lot owner relationships within the complex
Building Features:
* gated security entry
* outdoor swimming pool & outdoor recreation/dining area
* CCTV
* Cable/NBN
Opportunity of a Lifetime Summary:
Secure your piece of paradise in this lake-side managers residence, oozing lifestyle within a peaceful residential-only complex. With strong support from residents and the Body Corporate, this is more than a business its a community.
This management rights business can be performed by one person, offering ease of operation and profitability. With minimal start-up costs and an annual net profit of $90,107 (increasing with CPI year on year) PLUS the potential for earning an additional $34K gross rental income from the managers apartment, its the ultimate home-based business or offsite managed investment.
Inspection by Appointment Only - dont delay, secure your piece of paradise today!
Call Tracie Saks at Management Rights Brokers Australia on 0412 200422
More Information
- Total Purchase Price: $945,550
- Net Income: $ 90,107
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?