Robina, Queensland

Lifestyle Permanent Gated Complex!!!

$2,500,000

Business Description

Lifestyle Permanent Gated Complex!!!

ROI on capital equates to 11.6%, whilst ROI on business equates to 20%. Huge salary equating to 72% of the net profit.

This highly sought after gated complex has resort-style amenities, and is centrally located to shopping, schools, sporting and medical facilities.

The gated complex presents beautifully maintained gardens and is within a short distance to a shopping centre, train station, and the local hospital. Enjoy a lifestyle of convenience, cafes, restaurants and amenities. This complex offers secure parking, an amazing pool, spa, sauna, gymnasium, function room and BBQ area. Images might not depict this complex.

The manager's apartment consists of 3 bedrooms, 2.5 bathrooms, 3 car spots, and is currently rented out. The office adjoins the apartment yet is separate, allowing tenants, owners and visitors access via separate entry from the apartment.

Well worth an inspection!!! No fixed hours!!!

To arrange an inspection 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: $2,500,000 Net Profit: $290,000 Remuneration / Body Corp Salary: $210,000

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 97Total Units in Letting Pool: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesGym: YesGames Room: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $2,500,000, reported net profit $290,000, implied ROI on capital 11.6% and ROI on the business 20%.
2. Manager remuneration/body corporate salary $210,000, representing approximately 72% of reported net profit.
3. Manager’s apartment valued at $1,050,000, comprises 3 bedrooms, 2 bathrooms and 3 car spaces, currently tenanted.
4. Office is on title and adjoins the manager’s apartment with a separate entry for tenants and visitors.
5. Permanent gated complex of 97 units, with 25 units in the letting pool.
6. Long-form accommodation agreement originally 25 years, approximately 22 years remaining.
7. Resort-style common facilities include pool, spa, sauna, gym, games room, BBQ area and function facilities.
8. Secure parking provided for residents and visitors.
9. Centrally located close to a shopping centre, train station, local hospital, schools, sporting facilities, cafes and restaurants.
10. Complex presented with well-maintained gardens, marketed as lifestyle living with no fixed manager hours.

Management Rights Multiplier: 5.00
ROI Estimate: 11.60%