Key Investment Insights
1. The complex is located in a quiet and well-maintained area of Pacific Pines.
2. The current owners only work 4 days a week, making it possible for one and a half persons to run the business.
3. The complex has a total of 55 units, including the manager's free-standing house.
4. There are 49 units in the letting pool, providing a steady source of income.
5. The business has a net profit of $190,065, making it a profitable investment.
6. The manager's house is a modern 4-bedroom home with air conditioning and a private backyard.
7. The manager's apartment is valued at $485,000.
8. The complex is a permanent management type, with a 25-year agreement term.
9. There are 22 years remaining on the agreement term, providing stability for potential buyers.
10. The business is being sold by Kerrie, who can be contacted for further information.
Management Rights Multiplier: 5.48
ROI Estimate: 18.24%