Key Investment Insights
1. Net profit $341,429, with asking price $2,045,000 and vendor motivated to sell, indicating potential for negotiated acquisition and attractive cashflow.
2. Long-term agreement structure, 25 year module with 22 years remaining, providing strong contract security and predictable revenue.
3. Body corporate salary $120,822, reviewed annually by CPI, adding stable, indexed remuneration to total returns.
4. Large established complex of 78 units, with 66 in the letting pool and 18 external lets included in net profit, supporting diversified income streams.
5. Low operational intensity, described as an easy workload with no set office hours, enhancing lifestyle flexibility and reducing staffing requirements.
6. High-amenity offering with on-site pool and gym, which supports rental appeal and tenant retention.
7. Exceptional managers residence, a freestanding modern 4-bedroom, 2.5-bath house valued at $630,000, with office on title, 4 car spaces and private yard, enhancing manager lifestyle and attraction.
8. Location appeal from a peaceful Scenic Rim town setting, close to a golf course, with Gold Coast beaches and Brisbane city just over one hour away.
9. Market tailwinds from a booming region driven by affordable house prices and rents and proximity to two major cities, supporting strong rental demand and occupancy.
10. Agreement longevity and high letting pool penetration provide reliable long-term revenue visibility for both seasoned operators and newcomers.
Management Rights Multiplier: 4.14
ROI Estimate: 24.13%