Key Investment Insights
1. Quiet location near a large reserve, providing a peaceful and natural setting for residents.
2. Easy access to essential amenities such as schools, shops, and public transport.
3. Located on the northern end of the Gold Coast, offering potential for growth and development in the area.
4. Secure and gated complex, providing a sense of safety and security for residents.
5. Potential for growth through handyman services, as the current manager outsources all maintenance tasks.
6. Long agreements recently topped up, providing security of tenure for many years to come.
7. No set hours in agreements, offering flexibility for the manager.
8. Spacious 4 bedroom manager's residence with an enclosed rear yard, suitable for pets and children.
9. Ideal starter business for those entering the management rights industry.
10. Net profit of $131,635, providing a solid return on investment.
11. Asking price of $1,250,000, inclusive of the manager's real estate.
12. Manager's apartment valued at $685,000, providing a comfortable and desirable living space.
13. Complex consists of 56 units, with 20 units in the permanent letting pool.
14. Permanent units make up the majority of the complex, providing stability and consistent income.
15. Accommodation agreement module with a term of 20 years, with 21 years remaining.
16. On-site amenities such as a pool, gym, and BBQ area, providing added value for residents.
Management Rights Multiplier: 4.29
ROI Estimate: 23.30%