Key Investment Insights
1. The business is situated on the Gympie Pines Golf Course, providing exclusive views of the course for most of the properties.
2. The current management team has focused on the long-term rental market, but there is potential to increase exposure to the short-term/corporate market, which has high demand in Gympie.
3. The rental pool has remained stable for the past 7 years.
4. The complex offers a range of facilities including a community room with gym, resident's kitchen, heated pool, Tepenyaki BBQ, and direct buggy access to the golf course and clubhouse.
5. The business has a net profit of $213,676 and a remuneration/body corp salary of $81,820.
6. The managers' unit is valued at $330,000 and has 2 bedrooms, 2 bathrooms, and 1 car space. The office is located on the title.
7. The complex is a holiday complex with a total of 54 units, 44 of which are in the letting pool.
8. The agreement term is 25 years with 25 years remaining.
9. The complex offers a pool, gym, and BBQ area for residents.
Management Rights Multiplier: 4.31
ROI Estimate: 23.23%