Key Investment Insights
1. The business offers a perfect balance of permanent residential living and a lucrative Management Rights business in an established emerging suburb.
2. The duties of the business are manageable with no set office hours, making it an attractive proposition for new owner-operators.
3. The business has 22-year agreements, providing stability and room for growth.
4. The Body Corporate salary is a healthy $114,178, adding to the profitability of the business.
5. The Manager's luxury residence is a two-level detached home with four bedrooms and 2.5 bathrooms.
6. The complex has 78 units, with 73 units in the letting pool, 4 owner-occupiers, and 1 outside agent.
7. The office is spacious and attached to the Manager's home.
8. There is strong rental demand in the area, ensuring a steady stream of income for the business.
9. The tenure of the business is long, with 22 years remaining on the agreements.
10. Inspections are by appointment only, highlighting the exclusivity of the business.
11. The business has a high net profit of $315,812, making it a profitable investment.
12. The value of the Manager's apartment is $595,000, providing a comfortable living space for the Manager.
13. The complex is a permanent type, providing stability and consistent income.
14. The total units in the complex are 78, with 4 units in the letting pool and 4 holiday units.
15. The agreement term is 25 years, with 23 years remaining, ensuring a long-term investment opportunity.
Management Rights Multiplier: 4.61
ROI Estimate: 21.71%