Key Investment Insights
1. Dual management rights package encompassing two Bribie Island complexes, offering combined net profit of $473,535 and body corporate salary of $166,066.
2. Total sale price $3.52 million, comprised of $1.995 million for management rights plus $1.525 million for the two managers’ apartments.
3. Managers’ apartments valued separately at $775,000 and $750,000, combined value $1,525,000, included in the sale.
4. Strong cash-on-cash return, quoted impressive ROI of 13.45%.
5. Letting pool of approximately 24–25 units across the two complexes, providing dual income streams and rental scale.
6. Larger complex metrics: 70 total units, 25 owner-occupy units, 9 outside-agent units, 11 lockup units, indicating diversified occupancy mix.
7. Long secured income horizon, original agreement term 25 years with approximately 20 years remaining, accommodation module recently topped up with 19 and 20 years remaining.
8. Beachfront location, properties situated steps from the beach, supporting strong guest appeal and seasonal demand.
9. Package includes residential real estate: a 2 bedroom and a 3 bedroom ground floor apartment are included in the price.
10. Alternative purchase option, buyers may offer on The Gums Apartments only from $1.6 million, with that asset showing annual income of $400,000.
11. Managers’ apartment specification: 3 bedrooms, 2 bathrooms, 1 car space, facilitating on-site management capability.
12. Positioned for experienced operators or investors seeking a proven coastal business with lifestyle appeal and tangible upside.
Management Rights Multiplier: 4.21
ROI Estimate: 23.74%
