Robina, Queensland

Opportunity knocks within prosperous Robina

SOLD

Business Description

Located in the ever growing and popular suburb of Robina and only minutes from Robina Town shopping Centre this gated townhouse complex is in a quiet and friendly neighbourhood.

Being in one of the most sought after permanent residential locations on the Gold Coast, this business is well run, priced to sell and has a solid income with lengthy management agreements in place.

This well presented business and property is within 5 minutes of Bond University, Robina Train Station, C-Bus Stadium and Robina Hospital.

Robina has over 100 parks, six childcare centres, four golf courses, two schools and a top tier university. Surrounded by restaurants, cafes and entertainment, parks, playgrounds and bike tracks, Robina is the jewel in the crown of one of Queenslands fastest growing regions.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $121,000 Remuneration / Body Corp Salary: $87,400Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $375,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Very tidy, Good family home

Complex Information

Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 20Owner Occupy Units: 29Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesPay TV: Yes

Other Features / Notes

Pool, Gated Complex, CCTV

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Located in a popular and growing suburb of Robina
2. Minutes away from Robina Town shopping Centre
3. Gated townhouse complex in a quiet and friendly neighbourhood
4. Well-run business with solid income and lengthy management agreements in place
5. Within 5 minutes of Bond University, Robina Train Station, C-Bus Stadium and Robina Hospital
6. Robina has over 100 parks, six childcare centres, four golf courses, two schools and a top tier university
7. Surrounded by restaurants, cafes and entertainment, parks, playgrounds and bike tracks
8. Jewel in the crown of one of Queensland's fastest growing regions
9. Net profit of $121,000 and remuneration/body corp salary of $87,400
10. Managers unit with a value of $375,000 and 3 bedrooms, 2 bathrooms and 2 car spaces
11. Office on title and pets allowed
12. Complex type is permanent with 54 total units and 20 in the letting pool
13. Agreement module is accommodation with a term of 25 years and 18 years remaining
14. Amenities include a pool, gated complex, and CCTV.

Management Rights Multiplier: 5.17
ROI Estimate: 19.34%