Key Investment Insights
AI generated. Confirm details with the seller.
1. The business is a permanent complex located in Redland Bay.
2. The current managers are looking to sell due to having interests elsewhere.
3. The complex is well-maintained and requires minimal time commitment from the managers.
4. There are no office hours or facilities to worry about.
5. The complex is close to all amenities, making it convenient for residents.
6. This would be a great opportunity for someone new to the industry or looking to retire in the Redlands area.
7. The total income for the complex is $106,042.
8. The managers' unit is valued at $450,000 and has 3 bedrooms, 2 bathrooms, and 1 car space.
9. The complex has a total of 31 units, with 27 units in the letting pool.
10. The agreement term is 25 years with 23 years remaining.
11. The complex has a net profit of $106,042 and a remuneration/Body Corp salary of $38,956.
12. Interested parties can contact Robert Collins for further information and to schedule an inspection.
Management Rights Multiplier: 4.13
ROI Estimate: 11.94%
