Key Investment Insights
1. The business is a permanent management rights opportunity located in North Brisbane.
2. The complex consists of 104 low-set villas with 26 units in the letting pool.
3. The business has a solid income of $183,396 and a very affordable manager's residence.
4. The office attached is on title and is separated from the manager's residence, offering flexibility to the incoming manager.
5. The business boasts a robust ROI of over 15% with potential for growth in the letting pool and increased profits through repairs and maintenance.
6. The complex has a BC Salary of $126,204.
7. There are no office hours and no requirement to live onsite.
8. The complex has 25 year agreements with 18.5 years remaining.
9. Facilities include a pool, BBQ area, and off leash dog park.
10. The manager's residence has three bedrooms, one bathroom, and an office.
11. There is an option to retain the onsite caretaker if desired.
12. The complex is located just minutes from Morayfield Shopping Centre and local amenities.
13. Inspections are by appointment only.
14. The value of the manager's apartment is $380,000.
15. The complex is permanent and consists of 104 units, with 27 units in the letting pool.
16. The agreement term remaining is 18 years.
Management Rights Multiplier: 4.50
ROI Estimate: 22.23%