Key Investment Insights
1. The business is located in a peaceful and quiet setting with a stunning golf course and lakefront aspect.
2. The complex is secure with 24-hour manned security and offers resort style living without the need to manage the facilities.
3. The location is convenient, being midway between the Gold Coast and Brisbane and close to amenities such as cafes, supermarkets, gyms, and schools.
4. The manager's residence is spacious with fencing for privacy, a large backyard, and plenty of storage.
5. The management agreements have recently been topped up to 22 years with approval from a supportive Body Corporate.
6. The manager's salary is $84,000 and offers a secure income as a supplement to the permanent rental income from the letting pool.
7. The net profit for the business is $129,000.
8. The value of the manager's apartment is $420,000 and has 3 bedrooms, 3 bathrooms, and 2 car spaces.
9. The complex is a permanent type with a total of 76 units and 25 units in the letting pool.
10. The agreement module is Accommodation with a term of 25 years and 22 years remaining.
Management Rights Multiplier: 5.09
ROI Estimate: 19.66%