Key Investment Insights
1. The business is located in the vibrant heart of Robina, a sought-after suburb on the Gold Coast.
2. The management rights business services 51 units, with potential to expand and increase returns.
3. The business has a refreshed net profit of $152,880, providing stability and growth prospects.
4. The 25-year agreements are in excellent condition and supported by a proactive, cooperative committee.
5. The workload is streamlined, with minimal facilities and low-maintenance gardens, making it ideal for a single operator.
6. The manager's residence is a contemporary two-bedroom apartment with open-plan living and two secure car parks.
7. The complex offers a saltwater pool and BBQ area for residents and the manager.
8. The business is conveniently located within walking distance to Robina Town Centre and Arbour Avenue's cafés.
9. The total price for the management rights and unit is $1.295M.
10. The remuneration/body corp salary is $114,434.
11. The value of the manager's apartment is $775,000.
12. The complex is a permanent type with 51 units, 12 in the letting pool, and 13 managed by outside agents.
13. The agreement term is 25 years with 23 years remaining.
Management Rights Multiplier: 3.40
ROI Estimate: 29.40%