Key Investment Insights
Key Insights:
1. Long agreements with 19 years remaining provide a secure business opportunity.
2. Low workload and potential for growth make this an attractive investment.
3. The complex is well-located, only a 10-minute walk to the beach.
4. The attached office on title adds convenience and value to the business.
5. The current owner has been in the business for 11 years and is now looking to move on.
6. The complex has 2 external rentals available, providing additional income.
7. The 2-bedroom, 2-bathroom manager's unit with a private courtyard is a desirable feature.
8. The complex has a mix of permanent and holiday rentals, providing a diverse income stream.
9. The current manager's net profit is $73,531, with potential for growth.
10. The asking price of $775,000 includes the manager's real estate.
11. This is a great opportunity for a new operator to enter the management rights industry in Surfers Paradise.
Management Rights Multiplier: 3.20
ROI Estimate: 31.29%