Key Investment Insights
1. The business has a high body corporate remuneration of $214,000 per annum.
2. The agreement with the complex has a long term remaining of 21 years.
3. The complex has a mix of townhouses and apartments, with only permanent letting.
4. The low number of lettings reduces the risk of losing lettings.
5. The manager's house has been tastefully renovated and includes a double garage and office on title.
6. The location offers stunning lake views and a tranquil living environment.
7. The complex is centrally located and close to private and public schools, as well as golf courses.
8. Easy access to major highways and shopping centers.
9. The business has a strong net profit of $278,000.
10. The managers apartment has a value of $900,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
11. The complex is of permanent type and has a total of 126 units, with 20 units in the letting pool.
12. The agreement module is accommodation and has a remaining term of 21 years.
13. The complex offers amenities such as a pool and BBQ area.
Management Rights Multiplier: 5.40
ROI Estimate: 18.52%