Key Investment Insights
- The business generates a healthy net profit of over $138,000 per annum, providing a stable and reliable income for the owner.
- The complex has a total of 61 units, with 21 units in the letting pool. This provides ample opportunity for growth and potential to increase income.
- The current managers have the option to live on-site in a spacious 4-bed, 2.5-bath standalone home, or to live off-site and rent out the residence for additional income.
- The complex is gated, stylish, private, and peaceful, making it an attractive option for tenants.
- The current managers have a good working relationship with the committee, providing a smooth and efficient operation of the complex.
- The business offers flexibility in terms of working hours, with no fixed office hours, allowing for a desirable work-life balance.
- There is potential to increase the net profit by taking on the gardening and maintenance work, currently outsourced to contractors.
- The agreement term is for 25 years, with 21 years remaining, providing long-term stability and security for the owner.
- The complex is a mix of permanent and owner-occupier units, providing a diverse and stable tenant base.
- The managers' unit has a value of $615,000, providing a valuable asset for the owner.
- The complex is well-maintained and has a good reputation, making it an attractive investment opportunity.
- The net profit and remuneration/body corp salary provide a healthy return on investment for the owner.
- This business presents a great opportunity for a family to secure their financial future and enjoy a desirable lifestyle.
Management Rights Multiplier: 4.67
ROI Estimate: 21.41%