Key Investment Insights
1. The business is located in a popular South Brisbane suburb with high rental demand.
2. There are 23 years remaining on the Management Rights Agreements.
3. The business is in close proximity to major shopping centres and amenities, making it convenient for tenants.
4. The Committee Team is small, with only 3 members, making it easy to manage.
5. The Body Corporate Manager and committee are very supportive.
6. The workload is easy and there are no set office hours.
7. The Body Corporate salary accounts for over 79% of the net income, providing a stable source of revenue.
8. The business is suitable for a single operator and first time buyers.
9. The Managers Unit is valued at $410,000 and includes 3 bedrooms, 2 bathrooms, and 1 car space.
10. The complex is a Permanent type with 34 units, 9 of which are in the letting pool.
11. There are 22 owner-occupied units and 2 outside agent units.
12. There is 1 lockup unit and a pool within the complex.
13. The Body Corporate salary is reviewed annually based on CPI.
14. The total net profit for the business is $57,633.
15. The asking price for the business is $675,110.
Management Rights Multiplier: 4.60
ROI Estimate: 21.74%
