Key Investment Insights
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1. Low-hours management rights, straightforward caretaking with minimal weekly workload, suitable for absentee or part-time operators.
2. Secure annual net income of $84,383, providing a stable revenue stream for investors.
3. Remuneration includes a Body Corporate salary of $48,620, representing a significant portion of total revenue.
4. Long-term agreement security, 21 years remaining on a 25-year term, reducing renewal risk.
5. Diverse rental income mix, 17 internal letting pool units plus 4 external rentals generating $9,000 p.a., enhancing income resilience.
6. Attractive price metrics, business listed at $399,000 with total investment $421,500 at a 4.5x multiplier, reported 22.15% ROI.
7. Small, manageable complex scale, 35 total units with 17 in the letting pool and 18 owner-occupied, limiting onsite operational complexity.
8. Cooperative Body Corporate and low-maintenance model, implying fewer disputes and reduced administrative burden.
9. Prime suburban location, Bracken Ridge 18 km north of Brisbane CBD, positioned in a fast-growing, family-friendly area with strong demand for affordable housing.
10. Good tenant appeal and transport access, combination of local amenities and major transport links supports long-term tenancy and steady rental returns.