Key Investment Insights
1. Prime location: The business is situated right on the Gympie Pines Golf Course, providing exclusive views of the course for most of the properties.
2. Potential for increased rental returns: The current management team has focused on the long-term rental market, but there is potential to tap into the high demand for short-term/corporate stays in Gympie. This could lead to increased rental returns for both the owners and managers.
3. Stable rental pool: The rental pool has remained stable for the past 7 years, indicating a strong and consistent demand for the properties.
4. Supportive committee: The complex has a very supportive committee, which can be beneficial for the smooth operation of the business.
5. Facilities: The complex offers a range of facilities including a community room with a gym, resident's kitchen, heated pool, Tepenyaki BBQ, and direct buggy access to the golf course and clubhouse.
6. Manager's unit: The manager's unit is well-maintained with quality fixtures and fittings, and offers views over the golf course.
7. Complex type: The complex is a holiday complex with a mix of holiday and permanent units, providing a diverse income stream for the managers.
8. Long agreement term: The agreement term is for 25 years, providing long-term stability for the business.
9. Pool, gym, and BBQ area: The complex offers additional amenities such as a pool, gym, and BBQ area, which can be attractive to potential guests.
10. Owner-occupied units: The complex also has a number of owner-occupied units, which can provide a sense of community and stability within the complex.
Management Rights Multiplier: 4.31
ROI Estimate: 23.23%