Key Investment Insights
1. The business has a low multiplier, making it an affordable investment opportunity for a sole trader or first-time manager.
2. The majority of the net income comes from the body corporate salary, providing a stable and reliable source of income.
3. The caretaking duties are easy and manageable, making it an ideal opportunity for a sole operator.
4. The committee is friendly and easy to work with, creating a positive working environment for the manager.
5. The business has potential for additional income through expanding the repairs and maintenance service, making it a great opportunity for a handy person.
6. The location of the business is convenient, with close proximity to all amenities.
7. The business is situated in a prime location between Brisbane and the Gold Coast, providing potential for growth and expansion.
8. The managers unit has a value of $335,000 and features 3 bedrooms, 1 bathroom, and 1 car space.
9. The complex is a permanent type with a total of 43 units, 16 of which are in the letting pool.
10. The agreement module is standard and there is still 18 years remaining on the agreement term.
11. The complex features a pool and BBQ area, providing additional amenities for residents and potential for a source of income for the manager.
Management Rights Multiplier: 4.96
ROI Estimate: 20.14%
