Key Investment Insights
1. The business is priced at a 1.2 multiplier, making it an ideal opportunity for first time buyers or as an add-on for existing operators.
2. The complex is well presented and easily run, with a mix of one bedroom and studio apartments.
3. Located in the popular and beautiful Trinity Beach, the complex is just a short walk to the beach and local shopping center.
4. The managers unit is spacious with 3 bedrooms and a large private patio.
5. The complex also includes a large office/reception area on title.
6. There is potential for improved profitability with astute management.
7. The complex has body corporate approval for pets, making it attractive to pet owners.
8. The net profit for the business is $105,000, with a remuneration/body corp salary of $61,800.
9. The managers apartment is valued at $425,000 and includes 3 bedrooms, 1 bathroom, and 1 car space.
10. The complex is a mixed type with a total of 40 units, 13 of which are in the letting pool.
11. The agreement module is accommodation with a term of 25 years, with 21 years remaining.
12. The complex features a pool, BBQ area, pay TV, and WIFI for guests.
Management Rights Multiplier: 1.19
ROI Estimate: 84.00%
