Key Investment Insights
1. Status sold and settled, listing ID 9156.
2. Combined net profit $687,616, indicating strong earnings.
3. Remuneration / body corporate salary $293,843, representing substantial recurring cash flow to managers.
4. Total asking price listed at $4,280,000, providing a reference valuation despite sale.
5. Two complexes within 200 metres of each other, plus an attached rent roll of 39 houses directly across the road, enabling operational efficiency.
6. Large letting pool of 139 tenanted units out of 187 total units, offering significant management volume.
7. Long-term agreements in place, with 24 and 20 years remaining referenced; overall agreement term shown as 25 years with 24 years remaining, providing income security.
8. Manager’s unit valued at $600,000, a large modern 4 bedroom stand-alone townhouse on title with on-site office, double lock-up garage, air conditioning, covered patio and multiple living spaces.
9. Facilities include a pool, gym and CCTV security, enhancing tenant appeal and retention.
10. Strong body corporate relationships and robust operational systems, delivering quality service with minimal complexity.
11. Low-maintenance, well-presented common areas and on-site management with no fixed office hours, offering flexibility and reduced upkeep.
12. Location appeal through a quiet suburb with growth potential, close to train services and local amenities.
Management Rights Multiplier: 5.35
ROI Estimate: 16.07%
