Key Investment Insights
1. The business has a high net income, with 77% of it coming from Body Corporate remuneration.
2. The committee is very supportive, which can make for a smoother transition for a first-time manager.
3. The complex is well-managed and requires low maintenance.
4. There is potential for growth in the letting pool, with only 13 units currently in the pool and 2 units outside of the complex.
5. The multiplier is low at 4.16, making this a potentially good investment opportunity.
6. The location is highly desirable, being only 5 km from Brisbane CBD and close to public transport, parks, and shopping.
7. The manager's unit has a high value at $638,000 and includes 2 bedrooms, 2 bathrooms, and 3 car spaces.
8. The complex is permanent, with a total of 68 units and 15 units in the letting pool.
9. The agreement term is for 25 years with 18 years remaining.
10. The complex offers amenities such as a pool, gym, and BBQ area.
Management Rights Multiplier: 4.18
ROI Estimate: 23.90%
