Key Investment Insights
1. Dual management rights package on Bribie Island, combining two high-performing complexes into a single acquisition.
2. Combined net profit $473,535, with a substantial body corporate salary component of $166,066.
3. Total sale price $3,520,000, which includes managers apartments valued at $1,525,000.
4. Impressive reported ROI of 13.45%, indicating strong return relative to the asking price.
5. Managers units comprise a 3 bedroom, 2 bathroom apartment with one car space, and individual unit valuations of $775,000 and $750,000.
6. Letting pool of approximately 24 to 25 units across both complexes, within a total of 70 units, offering diversified income streams.
7. Long agreement term with 25 years originally, approximately 19 to 20 years remaining, accommodation modules recently topped up.
8. Option to purchase The Gums Apartments only from $1.6m, still showing an annual income of $400,000, offering a lower-entry alternative.
9. Prime beachfront location, described as steps from the beach, supporting strong guest appeal and occupancy potential.
10. Package includes quality real estate and stable operational structure, suited to experienced operators or buyers seeking a proven coastal business with lifestyle upside.
Management Rights Multiplier: 4.21
ROI Estimate: 23.74%