Key Investment Insights
1. The business is located in a highly desirable and sought after location, directly opposite the Broadwater in Labrador.
2. The complex offers a range of amenities including a large in-ground swimming pool, spa, and BBQ area.
3. The Managers apartment is a compact 2 bedroom, 2 bathroom unit with a wrap-around balcony and views of the Broadwater.
4. The business has a high net profit of $697,000, making it a lucrative opportunity for potential buyers.
5. The Managers apartment has a value of $430,000 and is included in the sale.
6. The complex is a Resort/Holiday type with a total of 42 units, with only 1 unit occupied by the owner.
7. The business offers a remuneration/Body Corp salary of $60,000.
8. The complex has modern amenities such as WIFI, making it attractive to potential holidaymakers.
9. The business is currently being sold at a discounted price, making it a great opportunity for buyers.
10. The complex has a disclaimer stating that all information provided is true and accurate, and prospective buyers should make their own enquiries to verify the information.
Management Rights Multiplier: 4.84
ROI Estimate: 20.68%