Key Investment Insights
1. The business is located in an established and emerging suburb, offering a balance of permanent residential living and a lucrative Management Rights business.
2. The business has a strong net profit of $315,810, making it a profitable investment opportunity.
3. The Body Corporate salary is generous at $114,178, providing a steady income for the owner.
4. The manager's residence is a luxurious two-level detached home with 4 bedrooms and 2.5 bathrooms, adding value to the overall package.
5. The complex has a total of 78 units, with 73 in the letting pool, 4 owner-occupiers, and 1 outside agent, providing a stable and diverse income stream.
6. The office is spacious and attached to the manager's home, making it convenient for the owner to manage the business.
7. The rental demand in the area is strong, ensuring a steady flow of tenants for the business.
8. The business has a long tenure with 22 years remaining on the agreements, providing security and stability for the new owner.
9. The business has no set office hours, making it manageable for the owner to balance work and personal life.
10. Inspections are by appointment only, indicating a high level of interest in the business and its potential for growth.
11. The manager's apartment has a value of $595,000, providing a comfortable and luxurious living space for the owner.
12. The complex is a permanent residential complex, providing a stable and consistent income for the business.
13. The complex has a total of 78 units, with only 4 in the letting pool, indicating potential for growth and expansion.
14. The agreements have a term of 25 years, with 23 years remaining, providing long-term stability for the business.
15. The business offers a perfect opportunity for a new owner-operator to reap future rewards and continue the success of the business.
Management Rights Multiplier: 4.61
ROI Estimate: 21.71%