Robina, Queensland

Great Body Corporate Income

SOLD

Business Description

A substantial Body Corporate salary is provided to the onsite manager with the potential to further grow the business.

Long 21 year management agreements in place.

This is a quality gated townhouse community, close to some of the best schools on the Gold Coast. Access to public transport, the M1 and excellent shopping centres ensures you can select the best of tenants.

Providing a generously sized 3 bedroom managers villa with office on title and attached.

A terrific business package offering significant business income, comfortable home and an excellent location.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $320,000 Remuneration / Body Corp Salary: $227,600Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $510,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
A generously sized 3 bedroom managers villa with office on title and attached. Two bathrooms and 2 car garage

Complex Information

Complex Type: PermanentTotal Units in Complex: 120Total Units in Letting Pool: 32Owner Occupy Units: 76Outside Agent Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: Yes

Key Investment Insights

1. The business has a substantial Body Corporate salary, providing a stable source of income for the onsite manager.
2. There is potential for further growth in the business, indicating potential for increased profits.
3. The management agreements are long-term, with 21 years remaining, providing security and stability for the business.
4. The townhouse community is located near top schools, making it an attractive option for potential tenants.
5. The location also offers easy access to public transport, the M1, and shopping centers, making it convenient for tenants.
6. The managers villa is generously sized and includes an office on title, providing a comfortable living space for the manager.
7. The business package offers significant income, a comfortable home, and an excellent location, making it an attractive opportunity.
8. The net profit for the business is $320,000, indicating a profitable business.
9. The Body Corporate salary is $227,600 and is reviewed annually, providing potential for increased income.
10. The managers apartment is valued at $510,000 and includes 3 bedrooms, 2 bathrooms, and a 2 car garage.
11. The complex is a permanent residential complex with 120 units, with 32 units in the letting pool.
12. The majority of units in the complex (76) are owner-occupied, indicating a stable and well-maintained community.
13. The agreement module is "Accommodation" and has a term of 25 years, with 21 years remaining.
14. The complex also offers amenities such as a pool, spa, and gym, making it an attractive option for potential tenants.

Management Rights Multiplier: 5.50
ROI Estimate: 18.18%

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This Business is sold

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