Key Investment Insights
1. Highly profitable permanent townhouse complex with a net profit of $193,000.
2. Generous body corporate salary of $86,127 with annual CPI reviews.
3. Excellent location with a short walk to school, shopping, and parks.
4. No requirement to reside onsite, providing flexibility for the business owner.
5. Long-standing and satisfied business owner looking to move on from a rock-solid business.
6. 21 years remaining on agreements, providing stability and room for growth.
7. Good sized townhouse included in the manager's unit, valued at $429,000.
8. Complex consists of 68 units, with 47 units in the letting pool and 13 owner-occupied units.
9. Agreement module is accommodation with a term of 25 years, with 21 years remaining.
10. Great amenities including a pool, BBQ, and tennis court.
11. Other features include location, location, location, and pet-friendly units.
12. Opportunity for further growth and improvement of the business.
Management Rights Multiplier: 5.35
ROI Estimate: 18.68%