Key Investment Insights
- The complex is located in a highly sought-after area, close to the Kawana Hospital precinct and only 5 minutes from the beach. This makes it an attractive option for potential tenants and ensures a high occupancy rate.
- The complex is well-maintained and presented, making it an attractive option for potential tenants. This also reduces the workload for the managers and ensures a good reputation for the complex.
- The business has a good net income of $105k and is priced to sell, making it an attractive option for potential buyers.
- The managers residence is a spacious and well-presented 3 bedroom townhouse with a private courtyard and double lock up garage. This provides a comfortable living space for the managers and adds value to the property.
- The complex has a large exclusive use storage area for the managers, providing additional income and convenience for the managers.
- The complex is a permanent letting complex, providing a stable and consistent income for the managers.
- The current body corporate salary is over $65k with a minimum annual increase of 3%. This provides a good source of income for the managers and ensures a stable financial future.
- The agreement module is accommodation, which is a popular and well-regarded module in the industry. This adds value to the business and makes it an attractive option for potential buyers.
- The agreement term is 25 years with 20 years remaining, providing long-term stability and security for the managers.
- The managers have the option to work from home, making it an ideal business for a couple or for one person to run. This adds flexibility and convenience for the managers.
- The body corporate pays for external hedge maintenance, reducing the workload for the managers and ensuring the complex is well-maintained.
- The business also generates additional income from private garden maintenance and renting of storage areas
Management Rights Multiplier: 4.19
ROI Estimate: 11.35%
