Key Investment Insights
1. The business is located in the popular seaside village of Caloundra, known for its relaxed atmosphere and attractions.
2. The building is well-maintained and the manager's unit is considered one of the best in the area.
3. The business has potential for growth, as the current owner operates it as a one-person operation and there is potential to increase profits through cleaning services.
4. The net profit for the business is $134,250 and the remuneration/body corp salary is $58,940.
5. The managers unit is valued at $675,000 and has 3 bedrooms, 2 bathrooms, and an office.
6. The complex is a holiday type and has a total of 11 units in the letting pool, with 3 lockup units.
7. The agreement term is for 25 years, with 17 years remaining.
8. The complex has a pool for guests to enjoy.
9. The body corp salary is reviewed annually and is based on CPI.
10. The business is only a short stroll to the beach, making it an attractive location for guests.
Management Rights Multiplier: 3.58
ROI Estimate: 27.97%
