Key Investment Insights
Key Insights:
1. Profitability: The business has a strong track record of generating profits, with an annual net profit of $547,000. This makes it an attractive investment opportunity for potential buyers.
2. High Body Corporate Salary: The business also offers a high Body Corporate Salary of over $350,000, providing a steady stream of income for the manager.
3. Prime Location: The business is situated in a prime location, which is likely to attract a high demand for rental properties. This can lead to a stable and consistent rental income for the business.
4. Long-Term Agreements: The management agreements for the business have long terms remaining, providing stability and security for the new owner.
5. Spacious Manager's Townhouse: The manager's townhouse is a comfortable and spacious three bedroom, two level property with an office on title. This provides a convenient and comfortable living space for the manager.
6. Potential for Growth: With 123 units in the letting pool, there is potential for growth and expansion of the business. This could lead to increased profits and a higher Body Corporate Salary.
7. Accommodation Agreement Module: The business operates under an Accommodation Agreement Module, which provides flexibility and potential for increased income for the manager.
8. Long-Term Agreement Term: The business has a long-term agreement term of 25 years, with 22 years remaining. This provides stability and security for the new owner.
9. Amenities: The complex offers amenities such as a pool and pay TV, which can be attractive to potential tenants and contribute to a high occupancy rate.
10. Pet-Friendly: The complex is pet-friendly, which can be appealing to potential tenants and increase the demand for rental properties.
Management Rights Multiplier: 5.80
ROI Estimate: 17.26%
