Key Investment Insights
1. Popular permanent gated townhouse complex in a central location on the Gold Coast.
2. Short walking distance to schools, TAFE, shopping, parks, public transport, and golf courses.
3. Generous body corporate salary with 5% annual increases.
4. Manager's residence features 3 double bedrooms, large private courtyard, and attached office.
5. Business owner is satisfied and has been running the business for a long time.
6. Exclusive agency for the sale of the business.
7. Net profit of $131,600.
8. Remuneration/Body Corp Salary of $89,850.
9. Fixed % body corp salary review.
10. Manager's unit has a value of $485,000.
11. Unit has 3 bedrooms, 3 bathrooms, and 2 car spaces.
12. Office is included on title.
13. Pets are allowed in the unit.
14. Complex is of the permanent type.
15. Total of 50 units in the complex.
16. 19 units are in the letting pool.
17. 26 units are owner-occupied.
18. 4 units are managed by outside agents.
19. 1 manager unit.
20. Agreement module is accommodation.
21. Agreement term is 25 years.
22. Agreement term remaining is 18 years.
23. Complex has a pool and BBQ area.
24. Other features include a gated entrance and pay TV.
Management Rights Multiplier: 5.14
ROI Estimate: 19.44%