Key Investment Insights
Key Insights:
1. Consistent performer with a guaranteed BC salary of $49,945.92 Inc GST and an annual net profit of $95,380.
2. Prime absolute beachfront location with 11 units in the letting pool and happy owners.
3. Well-maintained gardens and pool, creating a desirable resort-style atmosphere.
4. Expansive 3 bedroom fully refurbished manager's residence with ocean views.
5. Large office on title for convenient on-site management.
6. Supportive committee and owners, creating a positive working environment.
7. 17 years left on the management rights agreement, with potential to extend to 25 years at the next BC meeting.
8. Resort-style pool and BBQ area, with added amenities such as Wi-Fi and Cable TV.
9. Extensively refurbished apartments, ready to generate strong returns through letting.
10. A large sinking fund of $115,000 for future improvements to the complex.
11. Convenient location, only 500m from shopping and medical services and a 15-minute drive to the international airport.
12. Showing a 41% return on the business investment, with potential for future growth and appreciation of the residential property.
13. Manager's apartment valued at $590,000, offering spacious living and direct pool access.
14. Mixed complex with a total of 18 units, including 11 in the letting pool and 6 owner-occupied units.
15. Accommodation agreement module with 25 years remaining, providing long-term stability for the management rights business.
16. Added amenities such as a pool, BBQ area, pay TV, and Wi-Fi, creating a desirable holiday destination for guests.
17. Overall, a well-maintained and profitable management rights business opportunity in a prime beachfront location.
Management Rights Multiplier: 1.94
ROI Estimate: 51.56%