Robina, Queensland

Premium Waterfront Management Rights Robina

$3,470,000

Business Description

Discover this stunning waterfront permanent management rights business nestled in highly sought after Robina, promising exceptional return on your investment.

Located within a gated estate, this up market complex features a magnificent array of resort style amenities including a stunning pool area overlooking the lakefront, heated spa, recreation room, gym, sauna and steam room.

Enjoy substantial earnings with a generous Body Corporate salary exceeding $300k, in addition to letting commissions, resulting in an annual income surpassing $400k. Office hours are only two hours per day, four days per week with all office procedures automated. A generous P/L has allowed for a $35k wage expense which the current owners utilise to outsource a gardening company part-time to assist in maintaining lawns/gardens within the complex, assisting the current owner with daily tasks.

The spacious managers residence comprises a modern, airconditioned, double storey freestanding home with 4 bedrooms, 2.5 bathrooms, double lock up garage, modern kitchen, courtyards, patios and 34sqm of landscaped yard complete with the added bonus of solar.

Conveniently situated within walking distance to schools, hospital, train station, a sporting stadium, and with buses at your doorstep, this prime location also boasts a private walkway leading directly to Robina Town Shopping Centre.

This incredible business opportunity comes with even more upside, call me today to discuss.

Net Profit: $405,020

Property Code: 34

Business Summary

Business Snapshot

Price: $3,470,000 Net Profit: $405,020 Remuneration / Body Corp Salary: $293,019Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,150,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Large modern, airconditioned freestanding home. 4 Bedrooms, 2.5 Bathrooms, Double Lock Up Garage, Modern Kitchen, Courtyards, patios and 34scm of landscaped yard, 6.4kw solar

Complex Information

Complex Type: PermanentTotal Units in Complex: 151Total Units in Letting Pool: 42Owner Occupy Units: 109Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesGames Room: Yes

Marketing Agent

Craig Johnson

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

1. Highly sought after waterfront location in Robina with a stunning array of resort-style amenities.
2. Generous Body Corporate salary exceeding $300k, resulting in an annual income surpassing $400k.
3. Office hours are only two hours per day, four days per week with all office procedures automated.
4. Spacious and modern 4 bedroom, 2.5 bathroom, double storey freestanding home with a double lock up garage, modern kitchen, courtyards, patios and landscaped yard.
5. Conveniently situated within walking distance to schools, hospital, train station, sporting stadium, and with buses at your doorstep.
6. Private walkway leading directly to Robina Town Shopping Centre.
7. Potential for even more upside and growth.
8. Net profit of $405,020.
9. Manager's apartment valued at $1,150,000.
10. Permanent complex with 151 units, with 42 units in the letting pool and 109 owner-occupied units.
11. Accommodation agreement module with 21 years remaining.
12. Resort-style amenities including pool, spa, sauna, gym, games room, and BBQ area.

Management Rights Multiplier: 5.73
ROI Estimate: 17.46%