Key Investment Insights
Key Insights:
1. The business is currently generating a net profit of $218,568, making it a profitable investment opportunity.
2. The vendor is motivated to sell due to retirement, indicating a potential for negotiation on the sale price.
3. The business does not require the owners to live onsite and has no set office hours, providing flexibility for the owners.
4. The complex is well managed and has established grounds, indicating a high level of professionalism and attention to detail.
5. The location of the complex is convenient, with close proximity to public transport, shops, childcare, and schools.
6. There is potential to increase the letting pool, which could lead to higher profits.
7. The complex has a total of 60 units in the letting pool, including 14 lettings outside the complex.
8. The managers' unit has a value of $430,000 and includes 3 bedrooms, 2 bathrooms, and 1 car space.
9. The complex is classified as a permanent complex and operates under an accommodation agreement module with a remaining term of 24 years.
10. The complex has a pool, providing added amenities for tenants.
Management Rights Multiplier: 5.49
ROI Estimate: 18.21%
