Key Investment Insights
1. Super high net profit of approximately $1,020,000, delivering over a 14% return on the $7,128,000 asking price.
2. Stable recurring Body Corporate remuneration of $371,592 plus GST, with annual CPI increases, providing predictable cashflow.
3. Long-term contractual security, 25-year full-term agreements with over 22 years remaining.
4. Strong letting profile, 218 of 256 units in the letting pool, 16 with outside agents, 22 owner-occupied, indicating stable rental income.
5. Low-maintenance operations, minimal facilities limited to pools and gyms, no gates or extensive gardens, reducing caretaking workload and costs.
6. Flexible management arrangement with no set office hours and established operational processes, enabling operational freedom and potential for value-add activities.
7. Very supportive committee relationships, reducing governance friction and easing day-to-day management.
8. Two modern double-storey standalone managers residences included, each 4 bedrooms, 2.5 bathrooms, double garage, air-conditioned living and bedrooms, large courtyards with covered patios.
9. Managers’ accommodation value listed at $1,500,000, included in the sale, enhancing asset value and owner-occupier benefits; pets permitted.
10. Professional on-title office fully fitted with cabinetry, filing systems and IT/peripheral equipment, enabling immediate business continuity.
11. High-quality, modern buildings within newly developed complexes, supporting long-term asset desirability and lower capital expenditure risk.
12. Prime Brisbane Southside and fast-growing Western corridor locations, offering convenience, peaceful environments and strong market appeal.
Management Rights Multiplier: 5.52
ROI Estimate: 18.12%
