Key Investment Insights
1. The business for sale is a 5-year-old permanent complex located in Brisbane West.
2. The complex consists of 57 townhouses, all 3 bedrooms, 2.5 bathrooms, and 2 car spaces.
3. The townhouses are of top quality with features such as ducted air-conditioning, vacuum system, and security alarm.
4. The complex is situated next to the Wulkuraka Train Station and a future shopping complex.
5. There is a waiting list for tenants, indicating high demand for rental properties in the area.
6. The agreements period for the complex is 25 years, with 23 years remaining.
7. The body corporate remuneration is $70,722, with an annual review of 3% or CPI, whichever is higher.
8. There are a total of 57 lots in the complex, with 40 currently in the rental pool.
9. The permanent rent range for the townhouses is between $480 - $520 per week.
10. There are no office hours required for the business, and the managers do not need to live on-site.
11. The managers' house is a 3-bedroom, 2.5-bathroom, 2-car standalone villa, valued at $550,000.
12. The managers' office is exclusive use and includes an office, storage area, and 2 car parks.
13. The total price for the business is $1,645,000, including the net operating profit of $165,000.
14. The complex is easy to manage, with no gates, pool, or gym.
15. The complex is under the Accommodation agreement module.
16. The agreement term remaining is 24 years.
17. The business and managers' house can be sold separately at any time.
Management Rights Multiplier: 6.64
ROI Estimate: 15.07%
