Robina, Queensland

No Need to Live Onsite!!

$960,000

Business Description

Water Views!!!

This complex is an exceptionally well-maintained secure building and offers a unique waterfront living experience. This is an incredible opportunity to experience a lifestyle of exclusivity and convenience in the heart of Robina.

Take full advantage of the resort-style amenities, including a lakefront pool, expansive lounging areas, and BBQ spots ideal for social gatherings. With secure basement parking, convenient lift access, and a prime location close to Bond University, Market Square, Varsity Central Business Centre.

The managers unit comprises 2-bedroom, 1-bathroom plus a study cum office. The unit combines modern design with practical living, featuring a generous open-plan design that effortlessly leads to a spacious outdoor area, ideal for entertaining guests, playing with the children or just relaxing with a coffee. Images might not depict this complex.

Also on offer: long term agreements, no need to live onsite, ability to rent out managers unit, manageable duties, idyllic water views, and easy access to most of what the Gold Coast offers.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $960,000 Net Profit: $76,000 Remuneration / Body Corp Salary: $38,500

Managers Unit

Value of Managers Apartment: $820,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 29Total Units in Letting Pool: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $960,000, with net profit $76,000 and reported remuneration/body corp salary $38,500.
2. Manager’s apartment valued at $820,000 and sold on title, representing the majority of the sale value.
3. Manager’s unit includes an office on title, is rentable, and can be leased out; no requirement to live onsite.
4. Manager’s unit configuration stated as 2 bedrooms plus study in the description, with snapshot listing 3 bedrooms, 1 bathroom, and 1 car space.
5. Long term accommodation agreement originally 25 years, with approximately 21 years remaining, providing contract stability.
6. Complex is permanent with 29 total units, 10 units in the letting pool, indicating partial managed inventory.
7. Resort-style, waterfront amenities include a lakefront pool, expansive lounging areas and BBQ spots ideal for social gatherings.
8. Secure building features secure basement parking and convenient lift access, supporting easy operations and guest access.
9. Prime Robina location with water views, close proximity to Bond University, Market Square and Varsity Central Business Centre.
10. Manageable duties and the option to generate additional income by renting the manager’s unit enhance investor flexibility.

Management Rights Multiplier: 1.84
ROI Estimate: 7.92%