Key Investment Insights
1. The business is located in a highly desirable location with easy access to amenities.
2. The rental demand for the complex is strong, making it a solid investment opportunity.
3. Most of the current owners are from interstate, indicating a high level of interest from investors.
4. The complex is easily managed, making it an attractive option for potential buyers.
5. The manager's unit is a standard standalone 4 bedroom unit, providing comfortable living for the manager.
6. The management rights agreements have 21 years remaining, providing long-term stability for the business.
7. The business has no fixed office hours, allowing for flexibility and work-life balance for the manager.
8. The net profit for the business is $143,525, making it a profitable investment opportunity.
9. The remuneration/body corp salary is $62,023 and is reviewed annually, providing potential for growth.
10. The manager's apartment has a value of $488,000 and includes 4 bedrooms, 2 bathrooms, and 2 car spaces.
11. The complex has a total of 42 units, with 37 units in the letting pool.
12. The management agreement term is 25 years, with 21 years remaining.
13. The complex has a pool, providing additional amenities for residents.
Management Rights Multiplier: 4.96
ROI Estimate: 11.96%
