Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of approximately $185,000, with a total asking price of $1.87 million including management rights and the manager’s residence.
2. Contractual body corporate salary of $139,500 provides over 70% of total income, with annual CPI reviews.
3. Management agreements have approximately 23 years remaining, providing long term contractual certainty.
4. Permanent letting pool comprises 16 of 64 units, with scope for growth supported by strong local rental demand.
5. No set office hours and a permitted nominee arrangement provide operational flexibility without strictly requiring onsite living.
6. Prime corner position in central Robina offers convenient access to schools, shops and amenities.
7. Robina Town Centre, train station, Bond University, Robina Hospital and CBUS Stadium are within easy walking distance.
8. Gated complex features CCTV, secure parking, a pool, spa, gym, sauna, BBQ areas and solar.
9. Renovated manager’s townhouse offers four bedrooms, three bathrooms, an attached office, private courtyard and two parking spaces.
10. The vendor is also selling the adjacent complex, offering an opportunity for additional scale.