Key Investment Insights
Key Insights:
1. The current owner is motivated to sell for retirement, making this an ideal opportunity for a buyer looking to take over an established business.
2. The majority of owners in the letting pool are investors, indicating a stable and potentially profitable business.
3. The buyer is not required to live onsite, providing flexibility and potential for a semi-retired or single operator.
4. The caretaking duties are described as "neat and easy," making this an attractive option for those looking for a low-stress business.
5. The long agreement term of 21 years remaining provides security and stability for the new owner.
6. The location is described as excellent, with convenient access to amenities such as Australia Fair, parks, and the beach.
7. The business is suitable for a variety of buyers, including those looking for a bolt-on opportunity, a single operator, or someone looking to enter the management industry for the first time.
8. The manager's unit is valued at $494,000 and includes 2 bedrooms, 1 bathroom, and 1 car space.
9. The complex is classified as permanent and has a total of 27 units, with 25 currently in the letting pool.
10. The agreement module is described as "accommodation," indicating that the complex is primarily used for residential purposes.
11. The complex has a pool, which could be a desirable feature for potential tenants.
Management Rights Multiplier: 5.00
ROI Estimate: 20.01%
