Key Investment Insights
1. Well-maintained gated townhouse complex with easy management.
2. The complex is centrally located with easy access to amenities such as schools, shopping centers, and transportation.
3. The manager's villa is a stand-alone four-bedroom unit, making living on-site convenient and comfortable.
4. Long management agreements in place and stable income make this business a strong investment opportunity.
5. The net profit for the business is $116,000, with a remuneration/body corp salary of $51,000.
6. The value of the manager's apartment is $495,000, with four bedrooms, three bathrooms, and two car spaces.
7. The complex is a permanent type with a total of 39 units, with 24 units in the letting pool and 24 permanent units.
8. The complex has facilities such as a pool, BBQ area, and pay TV.
9. The agreement module is accommodation, with a term of 25 years and 21 years remaining.
10. Pets are allowed in the complex.
Management Rights Multiplier: 4.72
ROI Estimate: 21.17%