Permanent MR complex in Robina, long tenure, solid ROI, and upside potential | Resort Brokers ID : MR008350

$1,895,000

Permanent Management Rights, ROBINA QLD

ResortBrokers is delighted to bring to market the Villas Tijuana, a permanent Management Rights opportunity centrally located near schools, hospital, public transport, shopping precinct's, the M1 and a short drive to the surf and sand.

On offer with a long tenure of 22 years and a promising ROI, perfect for those seeking a lifestyle opportunity, with the possibility for one person to work outside the complex on a full or part-time basis.

Comprising 66 townhouses, there are currently 18 in the permanent letting pool, presenting upside potential to convert outside lets and further increase the net profit. The manager's townhouse is a spacious four-bedroom, two-bathroom residence with an on-title reception/office.

Villas Tijuana represents a remarkable investment opportunity, get in touch today to explore!

- 22-year accommodation module tenure
- Mexican-inspired design with private resort-style facilities
- Boutique complex with majority owner-occupied properties- Prime location in the heart of Robina, close to key amenities
- 4-bed, 2-bath residence, patio/courtyard, storage shed and double garage
- Potential for upside via converting outside letting
- Inspections by appointment only
Date updated: 17 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,895,000
Net Income: $ 210,490 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 950,000
_{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: 18
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 42
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 124,738
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: A stylist residential complex of Mexican inspired design, integrating easy living with private resort-style sophistication. It is modern, secure and distinctive. From its striking portico bell tower, imposing turrets and decorative fountain feature, its unique design has created very special ambience for its residents. Villas Tijuana is a semi-modern townhouse complex, incorporating a total of 66 strata lots over separate buildings. The complex features 3 bedroom townhouses, complemented by on-site management, swimming pool, sauna, barbeque and recreational area, residents common room, landscaped gardens and visitor car parking. Villas Tijuana was built in 2001. located in the hub of the thriving suburb of Robina and is within walking distance to Robina Town Centre, Robina Railway Station and the popular Cbus Super Stadiumâ home of the Gold Coast Titans rugby league team. Also just a stoneâs throw to Robina Hospital and minutes from world renowned Bond University and numerous cafes and restaurants. Centrally located to schools, the M1 and a ten minute drive to the surf and sand.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 950,000
_{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: no
_{Can the manager own a pet on site?}

Unit Features: This lot comprises a 4 bedrooms 2 bathrooms plus family room attached townhouse apartment, located to entrance of the complex. The townhouse is complemented by an on title reception/office, patio/courtyard, storage shed and double garage.