Robina Permanent Management Rights with Stunning Residence

$1,630,000

Permanent management rights, Robina QLD

Are you in search of the perfect lifestyle business? Then look no further than this Robina permanent management rights business.

This gated estate overlooks the Palmer Woods Golf course, featuring 57 premium townhouses in this highly sought-after complex.

The managers residence is truly something special, a spacious three level townhouse that must be seen to be appreciated. With a stunning open plan layout and timber floors throughout, it offers 3 large bedrooms, 3 bathrooms, a separate laundry and ducting air-conditioning throughout. The residence also features a courtyard, double lock up garage and two additional parking spaces on the driveway.

The master suite is on its own floor, with an oversized bedroom, a luxurious double vanity ensuite, and walk in robe. On the middle level is the second bedroom and the open style living / kitchen area. On the lower level, theres another bedroom with its own bathroom and private entrance perfect for a family member or guest who values their privacy.

Facilities within the complex include a pool BBQ area and small gym, but the true appeal lies in the ease of caretaking. The low maintenance gardens and minimal lawn space mean just 20 minutes of mowing each time!

With a generous Body Corporate salary of $114k, NO set office hours and 21.5 years remaining on the agreement, this business offers ultimate flexibility. The current owners have successfully managed this business alongside their existing job for the past five years.

Conveniently located near Bond University, top schools, transport links, hospitals, major shopping centres and a short drive to the beautiful Gold Coast beaches this is a rare opportunity.

Dont miss out, call today to arrange an inspection.

Net Profit: $129,082
Property Code: 53

More Information

Financial Overview

Total Purchase Price: $1,630,000
Net Income: $ 129,082 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,050,000
_{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: 7
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 50
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 57
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 114,446
_{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: 10 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Pool, BBQ Area Gym

Real Estate Component

Manager's Unit: 3 3

Included Real Estate: $ 1,050,000
_{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: 3 Bedroom, 3 Bathroom. 2 Car Garage plus additional 2 car spaces