Key Investment Insights
Key Insights:
1. Prime location: The complex is located only meters from the popular Broadwater on the Gold Coast, making it a highly desirable location for potential buyers.
2. Large number of units: The complex consists of 156 units, providing a steady stream of income for the manager.
3. Manager's residence: The manager's residence is a spacious 3 bedroom, 2 bathroom unit with modern amenities and 2 car parks.
4. Office space: The complex includes a large office on title with additional rear office space, providing a professional and comfortable working environment for the manager.
5. Flexible working hours: The agreements do not have set office hours, allowing for a more flexible work schedule for the manager.
6. No requirement to live onsite: The manager is not required to live onsite, providing more freedom and flexibility for the manager.
7. Potential for increased profit: There is potential to increase the net profit through internal real estate sales, outside agents, and a maintenance-minded purchaser.
8. Accommodation module agreements: The complex has 25-year accommodation module agreements with 20 years remaining, providing stability and security for the manager.
9. Excellent facilities: The complex offers a range of facilities including 2 swimming pools, a steam room, spa, media room, and gym, making it an attractive option for potential buyers.
10. Pet-friendly: The manager's unit is pet-friendly, providing a desirable option for pet owners.
11. Strong net profit: The net profit for the complex is $405,027, making it a highly profitable business opportunity.
12. Manager's unit value: The value of the manager's apartment is $750,000, providing a valuable asset for the manager.
13. Large number of owner-occupiers: The complex has 80 owner-occupier units, providing a stable and secure community for residents.
14. Long-term agreement: The 25-year agreement term with 20 years remaining provides stability and security for the
Management Rights Multiplier: 5.58
ROI Estimate: 17.93%