Key Investment Insights
1. Low workload: The business has a low workload, with only 12-15 hours of work per week, allowing for ample time for lifestyle activities on the Gold Coast.
2. Convenient location: The business is located near the light rail, providing easy access to shopping and entertainment precincts of Southport, Surfers Paradise, and Broadbeach.
3. Functional manager's unit: The manager's unit is a functional, light-filled 2 bed 2 bath on the ground floor with an enclosed courtyard, making it a comfortable living space.
4. Ideal for downsizing: This business would be ideal for a single or couple looking to downsize their workload and live centrally, while still enjoying the Gold Coast lifestyle.
5. Central location: The business is situated in a very central location, making it easy to access all the amenities and attractions that the Gold Coast has to offer.
6. Good profit and salary: The business has a net profit of $46,080 and a remuneration/body corp salary of $32,343, providing a good income for the managers.
7. Manager's apartment value: The value of the manager's apartment is $450,000, making it a valuable asset for the managers.
8. Permanent complex: The complex is a permanent one, providing a stable and consistent income for the managers.
9. Small complex: With only 24 units in the complex, the workload is manageable and allows for a more personalized and hands-on management approach.
10. Long agreement term: The agreement term is 25 years, with 22 years remaining, providing long-term stability for the managers.
Management Rights Multiplier: 3.26
ROI Estimate: 30.72%
