Key Investment Insights
1. Located in the highly desirable and popular suburb of Burleigh Heads, close to the M1 and just a short drive to Burleigh Beach and James Street restaurants.
2. Priced to sell with a 3.5 multiple, making it a great investment opportunity.
3. Can be easily managed by one person, allowing for low overhead costs and potential for higher profits.
4. Spacious and modern 3 bedroom, 2 bathroom townhouse with air-conditioning and front and back yards, perfect for pet owners.
5. 18 units in the letting pool (with 2 in Labrador) and all rents are about to increase, providing potential for higher income.
6. No office hours and office on title, making it a convenient and low maintenance business.
7. Owners have been in the business for 6 years and are looking to retire and travel, providing an opportunity for new owners to take over and continue its success.
8. Managers unit is valued at $800,000, providing potential for capital growth.
9. Complex is permanent and has a total of 56 units, with 18 in the letting pool and 37 owner-occupied units.
10. Agreement term of 25 years with 23 years remaining, providing long-term stability and potential for future growth.
Management Rights Multiplier: 3.54
ROI Estimate: 28.28%
