Key Investment Insights
1. The management rights to Enjoy Hervey Bay are being sold, offering a great opportunity for a single operator or semi-retired couple to earn a comfortable income while maintaining a balanced family life.
2. The complex is well-maintained and generates a net profit of $100,000 with minimal effort.
3. The townhouses are in excellent condition and the complex offers a safe and quiet environment.
4. The manager's residence has its own separate entry point and can also be accessed internally for ease of operation.
5. The complex has been established for nearly 20 years and has an exclusive caretaking salary in place, which increases annually.
6. The onsite managers exclusively manage 30 lots with no set office hours, providing a great work-life balance.
7. The complex is located in Hervey Bay, offering a stylish and enjoyable lifestyle.
8. The managers' unit is valued at $405,000 and has 3 bedrooms.
9. The complex is a permanent type with a total of 45 units, 30 of which are in the letting pool.
10. The complex also has 30 holiday units and 11 owner-occupied units.
11. The agreement term is 25 years with 19.5 years remaining.
Management Rights Multiplier: 4.20
ROI Estimate: 23.81%