Key Investment Insights
Key Insights:
1. Located in the beautiful and popular suburb of Burleigh Heads, close to the M1 and Burleigh Beach.
2. The complex has a 3.5 multiple, making it an affordable option for potential buyers.
3. The complex can be run by one person, making it a manageable business for a single owner.
4. The managers unit is a spacious 3 bedroom, 2 bathroom townhouse with air conditioning and a front and back yard.
5. The complex has 18 units in the letting pool, with 2 additional units in Labrador.
6. Rents are about to increase, providing potential for increased profits for the new owner.
7. No office hours are required and the office is on title.
8. The current owners have been in the business for 6 years and are looking to retire and travel.
9. The total price for the business and unit is $1.295 million.
10. The net profit for the business is $140,000, with a remuneration/body corp salary of $93,658.
11. The managers unit is valued at $800,000 and has 3 bedrooms, 2 bathrooms, and 5 car spaces.
12. The complex is a permanent complex with 56 units in total, with 18 in the letting pool and 37 owner-occupied units.
13. The agreement term is 25 years, with 23 years remaining.
14. The complex is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
Management Rights Multiplier: 3.54
ROI Estimate: 28.28%
