Key Investment Insights
Key Insights:
1. The business is a Gold Coast Management Rights for sale, with long-term vendors who are retiring.
2. The agreements for the business will be topped up to 18 years at the time of settlement.
3. The business is located only a few meters from a patrolled surf beach, making it an ideal location for a holiday business.
4. The business includes a spacious 3 bedroom residence and a separate downstairs office.
5. The business is suitable for a two-person team and has potential for growth with 14 outside rentals not currently in the manager's letting pool.
6. The location of the business is within walking distance to a casino and light rail station, as well as being surrounded by shops and restaurants.
7. The complex features a stunning elevated pool with spa and sauna, as well as a gym and BBQ area.
8. The body corporate salary for the business is $123,630.
9. The net profit for the business is $217,674.
10. The total asking price for the business is $1,495,000, which includes the manager's real estate.
11. The managers' unit is valued at $695,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
12. The complex is a holiday complex with a total of 79 units, 17 of which are in the manager's letting pool.
13. The complex has a mix of owner-occupied units, outside agent units, lockup units, and manager units.
14. The agreement module for the complex is Accommodation, with a term of 25 years and 14 years remaining.
15. The complex features a pool, spa, gym, and BBQ area for guests to enjoy.
Management Rights Multiplier: 3.60
ROI Estimate: 27.78%
