Key Investment Insights
1. The business is located in a highly desirable area close to Southport's entertainment, education, and health precinct.
2. The development is fully completed and impeccably presented.
3. The business has the potential for high unit sales commissions and further upside through converting 20 outside agent lets.
4. The Body Corporate Salary is excellent at $945,763.
5. The agreements are secure with 20+ years remaining.
6. The resort-style facilities, including 5 pools, are exceptional.
7. The portfolio includes 175 permanent lets in the letting pool.
8. The lifestyle flexibility of the business allows for no set office hours and no requirement to own a unit.
9. The modern manager's unit is valued at $1.3 million and includes 3 bedrooms, 2 bathrooms, and a large office.
10. Property inspections are by appointment only.
Management Rights Multiplier: 6.29
ROI Estimate: 15.91%