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