Robina, Queensland

Gold Coast MR Business

$1,270,000

Business Description

Perfectly positioned in Robina Town area – close to all Transport Bus and Rail

Walk to Robina Town Centre with over 400 Speciality Shops Cafes and Restaurants

Cbus Stadium is also short walk from Complex

This Unique Complex offers 52 x 2&3 bedroom Apartments with Long Term Tenants and Owner Occupiers. Beautiful Landscaped Gardens and Lawns with 15m Resort style Pool and BBQ Areas for Owners and Tenants to enjoy. Current Rentals from $750 to $850 per week

Furthermore, there is a promising opportunity to bring in several apartments currently managed by outside agents. The current managers have not pursued these apartments actively, leaving substantial growth potential for new owners interested in expanding the on-site letting pool.

Spacious and Modern Managers Residence has been recently renovated with 3 bedrooms, 1 bathroom and large open rear courtyard opening to Pool and Gardens. Managers Residence from $900 per week.

Separate Large Office with No Office Hours required.

Accommodation module of 25 years, with 24 years remaining, Steady income and Great relationship with Body Corporate and All Owners

Current Owners are looking to sell from 13 years under Management and with their Business interests in Brisbane.

Close to Bond University

Priced To Sell

Business Summary

Business Snapshot

Price: $1,270,000 Net Profit: $125,000

Managers Unit

Value of Managers Apartment: $815,000Bedrooms: 3Bathrooms: 1

Large open rear courtyard opening to Pool and Gardens.

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Dennis Mackenzie

0401 99....

Resort Realty

Key Investment Insights

1. Prime location in the highly sought-after Robina Town area, with easy access to public transport, shopping, dining, and entertainment options.
2. Well-established complex with a mix of long-term tenants and owner-occupiers, providing stable and consistent rental income.
3. Beautifully landscaped gardens and resort-style pool and BBQ areas for tenants and owners to enjoy.
4. Potential for growth by actively pursuing on-site management of several apartments currently managed by outside agents.
5. Recently renovated and spacious 3-bedroom manager's residence with a large open rear courtyard.
6. No office hours required, providing a flexible and low-stress work environment.
7. Accommodation module with 24 years remaining, providing security and stability for the business.
8. Strong and positive relationship with the body corporate and all owners.
9. Close proximity to Bond University, providing potential for a steady stream of student tenants.
10. Priced competitively for a quick sale, presenting a great opportunity for potential buyers.

Management Rights Multiplier: 3.64
ROI Estimate: 27.47%