Key Investment Insights
1. Realistic vendors with a low multiplier make this business a good value for potential buyers.
2. The business is easy to manage with no pool or other facilities to maintain.
3. There are no set office hours, providing flexibility for the managers.
4. The net profit for the business is $89,503, making it a profitable opportunity.
5. The remuneration/body corp salary is $55,148, providing additional income for the managers.
6. The managers' unit is valued at $395,000 and has 3 bedrooms, 1 bathroom, and 1 car space.
7. The complex is a permanent type with a total of 46 units, 19 of which are in the letting pool.
8. There are 20 owner-occupied units in the complex.
9. The agreement term is 25 years with 12 years remaining, providing stability for the managers.
Management Rights Multiplier: 4.47
ROI Estimate: 22.38%