Key Investment Insights
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1. Management rights opportunity located in Alderley on Brisbane Northside, within a five level complex of 46 one and two bedroom apartments.
2. Business includes both on-site caretaking and external property management, providing diversified revenue streams.
3. Established letting pool of 20 apartments inside the complex, with 15 owner occupied units and 8 units managed by outside agents.
4. Two external properties in Cannon Hill and Camira currently remain under management, with scope to add two more external properties to increase income.
5. Current annual net profit $163,559, comprising $157,745 from Locale Apartments and $5,814 from external properties.
6. Remuneration / body corporate salary reported at $109,754, contributing to the overall net income.
7. Caretaking and Letting Agreements commenced October 2016 and have been extended to 2046, delivering 25 year terms and long term contractual stability.
8. Agreement term remaining reported as 21 years, indicating long runway for recurring revenue.
9. Body corporate salary increases at 5% per annum, providing predictable revenue escalation.
10. Caretaking duties described as straightforward and low time commitment, involving cleaning, basic building management and minimal garden maintenance.
11. Two retail premises on the ground floor add mixed‑use appeal and potential ancillary income or amenity value.
12. Positioned as suitable for an experienced operator or a newcomer to management rights, given established income, long agreements and minimal operational complexity.