Key Investment Insights
1. The property management rights business is easily managed by one person and is suitable for a variety of individuals, including bolt-on, first time managers, semi-retirees, and one-man operators.
2. The complex has a total of 28 units, with 13 currently in the letting pool and potential to increase this number.
3. The body corporate remuneration is high at $88,628 with a 3% annual increase.
4. The Manager Residence is well-presented and includes a large 4 bedroom townhouse with a double garage and office.
5. The business is located in a prime location in Brisbane South, within walking distance to Garden City Westfield shopping centre and in a renowned school catchment.
6. The complex is conveniently located near transportation, including the M1 motorway, and is only an 18 minute drive to Brisbane CBD.
7. The business is listed for sale at $585,000 with a multiplier of 4.81, making it a potentially lucrative investment opportunity.
8. The Managers Unit has a value of $890,000 and includes 4 bedrooms, 2 bathrooms, and 2 car spaces, as well as an office on title.
9. The complex is a permanent type with a total of 28 units, 13 of which are in the letting pool, 9 owner-occupied, and 1 managed by an outside agent.
10. The agreement module is Accommodation with a term of 25 years and 20 years remaining.
11. The complex also includes amenities such as a pool and BBQ area.
Management Rights Multiplier: 4.81
ROI Estimate: 20.80%
