Key Investment Insights
Key Insights:
1. Permanent management rights business located in a desirable location near Brisbane's CBD.
2. Low maintenance grounds and only 16 units in the rental pool make this business easy to manage part-time.
3. BC Salary of $89K with potential for increase provides a stable income for the incoming manager.
4. Manager's unit is a spacious 3 bedroom apartment with modern amenities and separate offices.
5. Manager is not required to live on-site and can earn additional income by renting out the unit.
6. Great opportunity to increase income and potential for growth.
7. Business has a clean P&L and is in a desirable location.
8. Manager's apartment has a value of $500,000.
9. Complex is of permanent type with 15 units in the letting pool and 43 owner-occupied units.
10. Agreement module is Accommodation with a remaining term of 18 and 21 years.
11. Amenities include a pool and a secure shed for caretaking equipment.
12. Act quickly as this is an outstanding opportunity.
Management Rights Multiplier: 4.36
ROI Estimate: 22.92%