Key Investment Insights
Key Insights:
1. Easy to operate permanent management rights business in a highly sought after location in Southport, Gold Coast.
2. The complex is centrally located, within walking distance to Australia Fair, CBD, and the beach, making it attractive for tenants.
3. The complex is well-maintained and has a good reputation, making it popular for rentals.
4. The business has low maintenance requirements, making it ideal for first-time managers or semi-retirees.
5. Good subcontractors are in place for ground maintenance, providing additional support for the managers if needed.
6. The body corporate is excellent and supportive, providing a positive working environment for the managers.
7. The managers' unit is spacious and well-maintained, with a value of $900,000.
8. The complex has a mix of permanent and owner-occupied units, providing stability and diversity in the rental pool.
9. The agreement module is accommodation, with a long-term agreement term of 25 years remaining.
10. The business has a solid net profit of $89,206, with a remuneration/body corp salary of $63,228, providing a good income for the managers.
Management Rights Multiplier: 3.36
ROI Estimate: 29.74%
