Key Investment Insights
1. The business offers great flexibility with no set office hours.
2. The caretaking duties are minimal.
3. The body corporate salary is over $166K, which is almost half of the net profit.
4. The total number of lettings in the pool is 61, including 22 lettings outside of the complex.
5. There is a huge potential to expand the letting pool.
6. The business has a long term agreement with 23 years remaining.
7. The complex has good committees and has supported 3 past top ups.
8. The property value of the complex rises fast.
9. The complex is a limited edition and is a rare opportunity in the South side of Brisbane.
10. The Manager's unit is a standalone 4 bedroom apartment with 1 one bed studio, 1 office with toilet, and 4 parking spaces.
Management Rights Multiplier: 5.76
ROI Estimate: 17.36%
