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ROBINA BLISS - GOLD COAST GEM
$1,285,000
Permanent Management Rights, ROBINA QLD
Located in the ever-growing and popular suburb of Robina, in a quiet and friendly neighbourhood. This complex is in one of the most sought-after permanent residential spots on the Gold Coast.
After 7 successful years running this business, the current managers are ready to pass this well-run operation onto new management.
There is a particularly good relationship in place with the Body Corporate committee and the current manager has topped up agreements twice within 2 years. Long management agreements of over 21 years are in place with a stable Body Corporate salary of $107,000, plus GST (increasing yearly by 3%). And with net income of $125,000, the salary accounts for more than 85% of total income! As a bonus there are no office hours and minimal gardening duties.
The onsite manager's townhouse features 3 bedrooms, 2 bathrooms, 3 car spaces and office attached on title. All finished to a high standard. Air-conditioned throughout this very well-presented, realistically priced family home also has new solar paneling and flooring.
Robina is 15 km from Surfers Paradise and 80 km from Brisbane. Robina Town Centre, itself, is a shopper's paradise. A full range of schooling from childcare centres, kindergarten, through to grade 12 and university is within the immediate vicinity.
In summary, this is a permanent management rights business that performs on all levels. Well-run, well-priced, superb location, easy-to-manage, quality accommodation with a steady income and lengthy agreements in place.
An inspection is highly recommended.
More Information
- Total Purchase Price: $1,285,000
- Net Income: $ 125,547
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
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.
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?