Key Investment Insights
AI generated. Confirm details with the seller.
1. Business-only sale across two nearby complexes in Brisbane’s eastern suburbs, allowing management of both as a single portfolio.
2. No requirement to purchase real estate, reducing capital outlay and entry cost.
3. No obligation to live onsite, providing flexibility for owner operators.
4. No office or fixed working hours, enabling part-time or secondary income operation.
5. Very low-maintenance operations, no pools or BBQ areas to maintain and minimal garden work.
6. Caretaking duties extremely simple, manageable by one person with minimal weekly hours.
7. Financials show Body Corporate salary of $44,208 plus GST with annual CPI increases, providing indexed recurring remuneration.
8. Reported net profit $63,101 against an asking price of $346,000, implying a clear cashflow yield for an investor.
9. Agreement term 25 years with 13 and 16 years remaining, offering long-term contractual security.
10. Complexes comprise all permanent rentals with a very small letting pool of five units, simplifying letting management.
11. Notable upside via potential income growth through letting expansion, presenting a scalable element to the otherwise stable set-and-forget model.