Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
1. Convenient location: The complex is located in a highly sought after position, close to shops, schools, and transportation. This makes it popular among renters and ensures a steady income for the business.
2. Good schools' catchment: The complex is within the catchment of reputable schools, making it attractive to families with children.
3. Easy caretaking work: The workload for caretaking is low, with no pool, BBQ, or gate maintenance required. This makes it an easy job for one person to manage.
4. Long agreement: The complex has a long agreement in place, valid until 2047, giving the buyer peace of mind and stability for the business.
5. Great remuneration: The business offers a yearly remuneration of $61,899 with CPI or 3% increase every November, providing a steady and increasing income for the buyer.
6. Modern manager residence: The manager's unit is a modern 3-bedroom, 2.5-bathroom townhouse with a double garage, suitable for families.
7. No office hours: The spacious on-title office is detached from the manager's residence, allowing for a separate study space and no designated office hours.
8. Solid investment: Overall, this complex offers a solid investment opportunity for someone looking to buy a management right business, with all the necessary features and benefits in place.