Key Investment Insights
1. The business is a resort-style living complex with 24-hour manned security.
2. The complex is located between the Gold Coast and Brisbane, with easy access to amenities such as cafes, supermarkets, gyms, and schools.
3. The manager's residence is spacious with a large backyard, fencing for privacy, and a sizeable office.
4. The management agreements have recently been topped up to 22 years with a supportive Body Corporate.
5. The manager's salary is $84,000, providing a secure income in addition to the permanent rental income from the letting pool.
6. The net profit for the business is $129,000.
7. The value of the manager's apartment is $420,000.
8. The complex has a total of 76 units, with 25 units in the letting pool and 25 permanent units.
9. The complex is under the Accommodation agreement module with a term of 25 years, with 22 years remaining.
10. The complex allows pets.
Management Rights Multiplier: 5.09
ROI Estimate: 19.66%