Key Investment Insights
1. The business is located in a prime central location on the Gold Coast, with easy access to schools, TAFE, shopping, parks, public transport, and golf courses.
2. The complex is a popular gated townhouse community with a total of 50 units, 19 of which are in the permanent letting pool.
3. The manager's residence is a spacious 3-bedroom townhouse with a large private courtyard and an attached office.
4. The business has a generous body corporate salary with 5% annual increases.
5. The current owner has been running the business for a long time and is now looking to sell.
6. The complex is managed under an accommodation agreement module with a remaining term of 18 years.
7. The manager's unit has a value of $485,000 and is pet-friendly.
8. The complex features a pool and BBQ area for residents to enjoy.
9. The business has a net profit of $131,600.
10. The complex is a mix of permanent and owner-occupied units, with only 4 units managed by outside agents.
11. The business is being sold through an exclusive agency.
Management Rights Multiplier: 5.14
ROI Estimate: 19.44%