Key Investment Insights
1. Good location with easy access to major shopping centers, schools, and highways.
2. Manageable duties with potential for one-person operation.
3. Solid Body Corporate salary with a high percentage of income coming from it.
4. Accommodation module agreements in place.
5. Family-friendly environment with amenities such as a pool, BBQ area, and playground.
6. Minimal office hours required.
7. Pet-friendly complex.
8. Manager's townhouse with 3 bedrooms and 2 bathrooms.
9. Total asking price of $900,000, including $550,000 for the residence and $350,000 for the business.
10. Net profit of $99,000.
11. Remuneration/Body Corp salary of $73,370 with annual CPI review.
12. Manager's apartment valued at $380,000.
13. Permanent complex with 46 units, 13 in the letting pool, and 29 owner-occupied units.
14. Outside agent units make up 4 of the total units.
15. 25-year agreement term with 18 years remaining.
16. Additional amenities such as a half basketball court.
17. Potential for growth and expansion with additional marketing efforts.
18. Well-maintained and secure complex.
19. Management rights for sale in a popular and desirable area.
Management Rights Multiplier: 5.25
ROI Estimate: 19.04%