Key Investment Insights
Key Insights:
1. Established and growing business with a net profit of $214,703 and an annually increasing Body Corporate salary of $115,663.
2. Stable letting pool of 24 units with a mix of holiday and permanent rentals.
3. Low maintenance caretaking duties, making it a manageable 1-2 person operation.
4. Potential for sales opportunities for full licensees.
5. Supportive Body Corporate Committee.
6. Prime waterfront location with uninterrupted views of the Broadwater.
7. Luxurious and spacious manager's residence with 3 bedrooms, 2.5 bathrooms, and two large balconies.
8. Front office and storage area included in the manager's residence.
9. Complex features amenities such as a pool, spa, sauna, tennis court, BBQ area, pay TV, and WIFI.
10. Agreement term remaining is 9 years, providing stability and security for the new owner.
Management Rights Multiplier: 4.00
ROI Estimate: 24.99%