Key Investment Insights
1. The business has a solid net profit of over $174,101, which includes a remuneration of $67,451 with a 5% annual increase.
2. The manager is not required to live onsite, providing flexibility for the operator.
3. There are no set office hours, making it easy to manage for either a single or couple operator.
4. The caretaking duties are manageable, making it a perfect opportunity for first-time managers or as an add-on to an existing portfolio.
5. The location is prime and extremely popular among renters, with close proximity to all amenities, transportation, Griffith University, and QEII Hospital.
6. The agreement has a long remaining term of 24 years.
7. The manager's unit is a large 3-bedroom, 2-bathroom apartment with an office on-title, valued at $800,000.
8. The complex is of the permanent type, with a total of 32 units, 23 of which are in the letting pool.
9. There are 6 owner-occupied units and 5 outside agent units.
10. The agreement module is Accommodation, with a term of 25 years.
11. The complex features a pool and BBQ area for residents.
Management Rights Multiplier: 5.46
ROI Estimate: 18.33%
