Key Investment Insights
AI generated. Confirm details with the seller.
1. The management rights business is located in a highly desirable and picturesque location, with views of Pumicestone Passage and close proximity to the beach and parklands.
2. The business includes two buildings with a total of 36 quality apartments, with 24 currently in the letting pool.
3. The rental demand for the apartments is high, resulting in a strong return for the business.
4. The combined net income for the business is $230,000, with a multiplier of 3.2.
5. There are 9 years remaining on the management rights contract.
6. The managers unit is a tidy and open plan 1 bedroom unit, valued at $550,000.
7. The managers salary is a nice amount at $62,318.
8. The complex has resort-style amenities, including 2 pools with ocean views.
9. The business has potential for growth and increased profitability.
10. The location and amenities make this business an attractive option for potential buyers.
