Key Investment Insights
Key Insights:
1. This permanent management rights opportunity offers a perfect balance of luxurious living and a stable and growing business.
2. The complex boasts resort-style amenities such as pools, recreational areas, and a tennis court, providing a serene and secure environment for residents.
3. The business has strong financials, with a net profit exceeding $150k and a substantial body corporate salary of $125K + GST, with potential for further growth.
4. The prime location of the complex is a major selling point, with easy access to the Gold Coast's best beaches, shopping centers, amusement parks, and top-tier schools.
5. The management duties are flexible, with no set office hours, making it suitable for both newcomers and experienced professionals.
6. The manager's residence offers a private and comfortable living space, away from the main road and gate.
7. The complex has ample storage space available, meeting all needs.
8. There are growth opportunities for the business, such as expanding the letting pool and exploring additional income streams through internal sales and maintenance services.
9. The asking price of $1,450,000 includes the manager's real estate, valued at $850,000.
10. The complex has a total of 91 units, with 16 in the letting pool, 66 owner-occupied units, and 9 units rented externally.
11. The agreement term is 10 years, with 6 years remaining, and the agreement module is standard.
12. The complex features a pool, tennis court, and BBQ area for residents to enjoy.
Management Rights Multiplier: 5.28
ROI Estimate: 18.94%