THRIVING BUSINESS $552k - STUDENT ACCOMODATION NEAR UNIVERSITY | Resort Brokers ID : MR008142
$4,100,000
Permanent Management Rights, Robina QLD
Price reduced, our motivated vendor wants this SOLD, so seize the opportunity to enjoy a coastal lifestyle, living near fantastic amenities in a generous 3-bedroom townhouse with an incredible guaranteed income.
On offer is exceptional management rights and letting business of a substantial Student and Permanent rental complex in the heart of Robina, offering high financial rewards with the management role supported by contractors and a proactive Body Corporate.
This lucrative business has a compelling Net Profit of $552k and is backed by an impressive $177k Body Corporate salary with upside potential to unlock further income via converting the 11 x outside lets and taking on the repairs&maintenance.
Hurry to secure, it's an absolute cracker and priced to sell!
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Net Profit $552k + $177k Body Corporate salary
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Permanent rental complex with low vacancy rates
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Studentaccommodation close to university, public transport, shopping
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23-year agreements for long-term investment
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Office on-title and attached, minimal office hours required
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Large manager's unit 3 bed, 2 bath, 4 car spaces
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122 units in the complexwith 53 in letting pool
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Resort-style amenities, impeccably maintained
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Inspection by appointment only
Date updated: 05 May 2024 23:00:07
More Information
- Total Purchase Price: $4,100,000
- Net Income: $ 552,506
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 790,000
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?