Key Investment Insights
1. The business for sale is the management rights of the prestigious Emerald Lagoon, a permanent townhouse complex in the serene lakeside suburb of Robina, Gold Coast.
2. The net profit for the business is over $127k, with a reasonable multiplier of 3.6x, making it a compelling value for potential buyers.
3. The management rights offer flexible working hours and a high-demand rental suburb, ensuring steady occupancy.
4. There is significant potential for revenue growth through rent increases.
5. The manager's residence is a luxurious living space and includes an office for managing the complex.
6. The complex offers amenities such as a pool, spa, tennis court, BBQ areas, and breathtaking waterfront views.
7. The topped-up agreements have 10 years remaining, and the Body Corporate Salary is over $122k.
8. Inspections are by appointment only.
9. The business is being sold by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
10. The total price for the business and unit is $1.45M, with the unit alone valued at $995,000.
11. The manager's unit has 3 bedrooms, 3 bathrooms, and 4 car spaces.
12. The complex is permanent, with a total of 64 units and 5 units in the letting pool.
13. There are 54 owner-occupied units and 5 units managed by outside agents.
14. The agreement term is 10 years, with 10 years remaining.
Management Rights Multiplier: 3.58
ROI Estimate: 27.93%
