Robina, Queensland

PRIME WATERFRONT + HIGH NET + MULTIPLE REVENUE UPSIDE | Resort Brokers ID : MR008034

$4,210,000

Business Description

ResortBrokers presents Boheme Apartments, a highly desirable residential management rights business in Robina, offering a modern residence, high net profit, and prime waterfront location with long agreement terms.

The property has been designed with functionality in mind and offers lifestyle flexibility for the manager with no set office hours required and the opportunity to have a nominee reside onsite.

This business presents with great upside through multiple income streams such as driving the rental rate in line with the current market, undertaking repairs and maintenance, unit sales, and converting outside agent lets back into the rental pool. The current operator has also uncovered a great revenue stream in regards to renting ‘furniture packs’ to the lot owners, to meet market demand for furnished units.

- High net profit of over $533k
- Substantial Body Corporate salary $245k+
- 130 units, 54 in letting pool
- 3-bedroom manager's residence + office on title
- Long tenure with 24-year agreements in place
- Prime waterfront location in Robina
- High rental demand area with a low vacancy rate
- Manageable duties + harmonious Body Corporate rapport
- Close proximity to Robina Town Centre
- Inspections are by appointment only
Date updated: 07 Apr 2024 23:00:16

Business Summary

Business Snapshot

Price: $4,210,000 Net Profit: $533,033

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 129Total Units in Letting Pool: 54Owner Occupy Units: 47Outside Agent Units: 28Agreement Term Remaining: 24 years
Marketing Agent
Listing location

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