Key Investment Insights
1. This business for sale is the management rights to a permanent lettings complex in Hervey Bay.
2. The complex is well-maintained and offers a comfortable income of $100,000 for a single operator or semi-retired couple.
3. The grounds are easily maintained and the townhouses are in excellent condition.
4. The complex is located in a safe and quiet environment.
5. The manager's residence has its own separate entry point and can also be accessed internally for ease of operation.
6. The complex has been established for nearly 20 years and has an exclusive caretaking salary in place, which increases annually.
7. The onsite managers exclusively manage 30 lots with no set office hours.
8. The complex offers an excellent lifestyle change opportunity.
9. The managers unit has a value of $405,000 and has 3 bedrooms.
10. The complex is a permanent type with a total of 45 units, 30 of which are in the letting pool.
11. There are 11 owner-occupied units in the complex.
12. The agreement term is 25 years with 19.5 years remaining.
Management Rights Multiplier: 4.20
ROI Estimate: 23.81%
