Management Rights in a great complex on the North Side

SOLD

Business Description

Business Summary

Business Snapshot

Price: SOLD Net Profit: $127,000 Remuneration / Body Corp Salary: $70,973

Managers Unit

Value of Managers Apartment: $459,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 35Total Units in Letting Pool: 27Owner Occupy Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Key Investment Insights

1. Easy one person operation with all stand alone villas, making it a manageable and efficient business to run.
2. Located on the North side, a highly desirable and sought after area for both residents and tourists.
3. Close proximity to amenities, making it convenient for tenants and attracting potential renters.
4. Tidy managers unit with air conditioning, providing a comfortable living space for the managers.
5. Strong net profit of $127,000, indicating a profitable and successful business.
6. Generous remuneration/body corp salary of $70,973, providing a steady income for the managers.
7. Managers apartment valued at $459,000, providing a valuable asset for the managers.
8. Complex is permanent, providing a stable and consistent source of income.
9. Large number of units in the letting pool (27 out of 35), indicating a high demand for rental properties in the area.
10. Long agreement term of 25 years with 21 years remaining, providing security and stability for the managers.

Management Rights Multiplier: 4.69
ROI Estimate: 21.34%