Key Investment Insights
1. No real estate license is required for the caretaking role.
2. The business consists of 28 villas and a pool, with a Body Corporate salary of $82,000.
3. There is potential for increased profits if a letting business is re-established.
4. The location of the business is convenient, with close proximity to the river, Dreamworld, school, shops, and Coomera Town Centre.
5. The manager's villa is a spacious 4 bedroom unit with a fully fenced backyard, which can be rented out or used as on-site accommodation.
6. The business is straightforward, profitable, and easily managed.
7. The manager's apartment has a value of $399,000.
8. The complex is a permanent residential complex with 28 units, 10 of which are owner-occupied and 17 are managed by outside agents.
9. The agreement module is Accommodation, with a term of 25 years and 22 years remaining.
10. The complex features a pool and pay TV.
Management Rights Multiplier: 5.00
ROI Estimate: 20.00%