Robina
$1,285,000
3
2
3
Management Rights
- 54 Total Units
- Permanent Complex Type
- 9 Letting Pool
- $107,523 Remuneration
- $125,547 Net Profit
- $720,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
ROBINA BLISS - GOLD COAST GEM
Located in the ever-growing and popular suburb of Robina, in a quiet and friendly neighbourhood. This complex is in one of the most sought-after permanent residential spots on the Gold Coast. After 7 successful years running this business, the current managers are ready to pass this well-run operation onto new management. There is a particularly good relationship in place with the Body Corporate committee and the current manager has topped up agreements twice within 2 years. Long management agreements of over 21 years are in place with a stable Body Corporate salary of $107,000, plus GST (increasing yearly by 3%). And with net income of $125,000, the salary accounts for more than 85% of total income! As a bonus there are no office hours and minimal gardening duties. The onsite manager's townhouse features 3 bedrooms, 2 bathrooms, 3 car spaces and office attached on title. All finished to a high standard. Air-conditioned throughout this very well-presented, realistically priced family home also has new solar paneling and flooring. Robina is 15 km from Surfers Paradise and 80 km from Brisbane. Robina Town Centre, itself, is a shopper's paradise. A full range of schooling from childcare centres, kindergarten, through to grade 12 and university is within the immediate vicinity. In summary, this is a permanent management rights business that performs on all levels. Well-run, well-priced, superb location, easy-to-manage, quality accommodation with a steady income and lengthy agreements in place. An inspection is highly recommended.
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