Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price $760,000 for a business-only permanent business in West End area, offering clear acquisition cost.
2. Two management rights in one sale, properties separated by 2 km, approximately 5 minutes riding, providing operational convenience.
3. Large verified income of $138,309, confirmed by an industry specialist accountant, supporting financial credibility.
4. Strong operator earnings with remuneration of $106,615, subject to annual CPI adjustment, indicating inflation-linked income growth.
5. Long-term contract security, 20 years remaining on a 25-year accommodation module, reducing short-term renewal risk.
6. Small letting pool of only 10 lettings, enabling focused management and potentially higher per-tenant service levels.
7. Very low tenant turnover, minimising inspections and administrative workload.
8. Well-presented complex that offers a relaxed environment, supporting tenant retention and appeal.
9. Well-run business with all procedures documented, facilitating transition and training for a new owner.
10. Supportive and proactive body corporate, described as very fantastic to work with, easing operational relations.
11. No office hours required, reducing overheads and allowing flexible management arrangements.
12. No real estate association, simplifying business focus to management/operations rather than sales.