Key Investment Insights
1. Building is only 5 years old and still presents as brand new.
2. High returns generated from leasebacks with 1, 2 and 3 year agreements in place.
3. Established systems in place to enable most of the work to be done remotely.
4. Very little caretaking work required.
5. Ideal business as a bolt-on to an existing management rights business or for someone seeking semi-retirement.
6. Net profit of $178,117.
7. Asking price of $1,200,000 (inclusive of Manager's Real Estate).
8. Manager's residence is a 2 bedroom apartment currently in the letting pool.
9. Residential roof top recreational area.
10. All apartments have large live-in balconies.
11. Great views across the Surfers Paradise skyline and Nerang River.
12. All apartments in the letting pool are leasebacks.
13. 5 minute walk to the beach.
14. Complex is a holiday complex with 24 units.
15. 33% of the lots are not in the manager's letting pool, providing potential for growth.
16. No requirement to live onsite or to have a licence.
17. Low caretaking duties.
18. Manager's apartment has a value of $900,000.
19. Agreement module is Accommodation with a term of 25 years and 23 years remaining.
20. Complex has a BBQ area.
Management Rights Multiplier: 1.41
ROI Estimate: 70.89%