Key Investment Insights
1. The business is a permanent management rights complex located in a central Gold Coast location.
2. The owners are selling due to health reasons and all offers will be considered.
3. The complex features a beautiful 4 bedroom standalone manager's residence with vaulted ceilings and multiple outdoor entertaining spaces.
4. The complex has well-maintained tropical gardens and fantastic facilities including 2 pools, BBQ areas, gym, and function room.
5. The business has no set office hours and an excellent body corporate salary of $253,736.
6. The net profit for the business is $279,000 (to be confirmed).
7. The sale includes extensive gardening equipment, a Ute, and a Golf Buggy.
8. The complex has a total of 159 units, with 14 units in the letting pool and 126 owner-occupied units.
9. The complex is under an Accommodation agreement module with 16 years remaining.
10. The complex has amenities such as a pool, spa, sauna, gym, BBQ area, and function facilities.
Management Rights Multiplier: 4.94
ROI Estimate: 20.23%