Key Investment Insights
1. Offers a high reported ROI of 9.07%, indicating strong investor return potential.
2. Net operating profit of $127,851, with $117,174 from core letting and $10,677 from external letting, showing diversified income streams.
3. Business price $575,000 for management rights, core letting valued at $548,500 at 4.68x and external letting $26,500 at 2.5x, blended multiple approximately 4.5x.
4. Manager remuneration / Body Corporate salary $102,370 (ex GST), providing substantial operator income separate from net profit.
5. Agreements were recently topped up to a 25 year term with long tenure remaining, indicating contract stability and long‑term security.
6. Operates with no office hours or residency requirement, low overheads, and currently managed by a single operator, suggesting lean operations.
7. Rare renovated 4‑bedroom manager’s unit valued at $835,000, with two bathrooms and three car spaces, offering superior on‑site living or high‑value rental upside.
8. Option to let the manager’s unit provides additional income upside and flexibility for the purchaser.
9. Prime location 12km north of Brisbane CBD in a fast‑growing corridor, close to Westfield Chermside, schools, major roads, public transport, cafés, parks and health services, supporting tenant and owner demand.
10. Tightly held, permanent complex of 43 units, with 17 units in the letting pool, 25 owner‑occupied and one outside agent, indicating limited letting stock and stable ownership profile.
11. Package pricing example shows combined offering of $575k for management rights plus $835k for the unit, total $1.41m, allowing purchaser to acquire income and lifestyle asset together.
Management Rights Multiplier: 4.50
ROI Estimate: 22.23%
