Key Investment Insights
1. The business is located in a fast-growing area in South West Brisbane, providing opportunities for further growth.
2. The complex consists of 71 permanent townhouses, with 35 units currently managed in the onsite letting pool.
3. The business has a solid body corporate salary and letting income.
4. The grounds are easy to maintain and there are no set office hours, making it a low-stress operation.
5. The pool is serviced by a professional team paid for by the body corporate.
6. The sale includes a manager's unit with an office on title, as well as an additional office.
7. The complex is conveniently located near a shopping plaza, train station, and major motorways.
8. The agreements are long-term with 22 years remaining.
9. The complex has good CCTV in place for added security.
10. The manager's unit is valued at $620,000 and has been recently renovated.
Management Rights Multiplier: 5.53
ROI Estimate: 18.08%
