Key Investment Insights
1. The business has a high net income, with almost 75% coming from the body corporate salary.
2. The caretaking duties are easy and manageable, making it suitable for a sole operator or first-time manager.
3. The committee is friendly and easy to work with.
4. There is potential for additional income through expanding the repairs and maintenance service.
5. The location is convenient, being close to all amenities.
6. The business is situated between Brisbane and the Gold Coast, providing a good location for potential customers.
7. The asking price is an Expression of Interest, allowing for flexibility in negotiations.
8. The remuneration/body corporate salary is reviewed annually, providing potential for growth.
9. The value of the manager's apartment is $335,000, providing a comfortable living space for the owner.
10. The complex is a permanent type with 43 units, with 16 units in the letting pool.
11. The agreement module is standard, and there are 18 years remaining on the agreement term.
12. The complex has amenities such as a pool and BBQ area, providing added value for residents.
Management Rights Multiplier: 4.96
ROI Estimate: 20.14%
