Key Investment Insights
1. The business for sale is the management rights of the Emerald Lagoon, a permanent townhouse complex in the lakeside suburb of Robina, Gold Coast.
2. The complex offers flexible management with no set office hours, providing a good work-life balance for the manager.
3. Located in a high-demand rental suburb, the complex ensures steady occupancy and potential for revenue growth through rent increases.
4. The manager's residence is a luxurious living space and office, adding to the overall appeal of the investment.
5. The complex offers a range of amenities, including a pool, spa, tennis court, BBQ areas, and stunning waterfront views.
6. The business has a net profit of over $127k and a reasonable multiplier of 3.6x, making it a compelling value for potential buyers.
7. The topped-up agreements have 10 years remaining and a generous Body Corporate Salary of over $122k.
8. Inspections are by appointment only, highlighting the exclusivity and desirability of the property.
9. The business is being sold by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
10. The total price for the management rights and the manager's unit is $1.35M, with the unit alone valued at $995k.
11. The manager's unit has three bedrooms, three bathrooms, and four car spaces.
12. The complex has a total of 64 units, with 5 units in the letting pool, 54 owner-occupied units, and 5 units managed by outside agents.
13. The agreement term is 10 years, with 10 years remaining.
Management Rights Multiplier: 2.79
ROI Estimate: 9.41%
