Key Investment Insights
1. Prime location: The business for sale is located in Trinity Beach, one of Cairns' most popular and well-loved beaches.
2. Easy to run: The business is described as easily run, making it an ideal opportunity for first-time buyers or as an add-on for existing operators.
3. Potential for growth: The business has potential for growth and increased profitability with astute management.
4. Spacious manager's unit: The manager's unit is described as spacious with 3 bedrooms and a large private patio, providing comfortable accommodation for the managers.
5. Additional office/reception area: The business also includes a large office/reception area, providing a separate space for business operations.
6. Pet-friendly: The complex has body corporate approval for pets, making it an attractive option for pet owners.
7. Strong net profit: The business has a strong net profit of $137,000, providing a good return on investment for potential buyers.
8. Body corporate salary: The managers receive a body corporate salary of $57,551, with annual CPI reviews.
9. Mixed complex: The complex is a mixed-use complex with a combination of owner-occupied units and units in the letting pool, providing a diverse income stream.
10. Long agreement term: The agreement term for the business is 25 years, with 21 years remaining, providing long-term stability for the managers.
11. On-site amenities: The complex includes a pool, BBQ area, and amenities such as pay TV and WIFI, providing added value for residents and potential for additional income for the managers.
Management Rights Multiplier: 4.00
ROI Estimate: 25.00%
