Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
1. The business is a permanent management rights complex located in Burleigh Heads, close to the M1 and Burleigh Beach.
2. The complex has 23 years left on the agreement and is priced at a 3.5 multiple.
3. The complex can be run by one person if needed.
4. The managers unit is a spacious 3 bedroom, 2 bathroom townhouse with air-conditioning and front and back yards.
5. There are 18 units in the letting pool, with 2 in Labrador.
6. Rents are about to increase and there are no office hours.
7. The owners have been in the business for 6 years and are looking to retire and travel.
8. The managers apartment is valued at $800,000.
9. The complex is a permanent type with a total of 56 units, with 18 in the letting pool and 37 owner-occupied units.
10. There are 3 outside agent units.
11. The agreement term is 25 years with 23 years remaining.
Management Rights Multiplier: 3.54
ROI Estimate: 10.81%
