Key Investment Insights
1. Located in blue-chip inner-city Bulimba, close to Oxford Street, ferry services and the Brisbane CBD, supporting lifestyle appeal and tenant demand.
2. Business delivers strong nett profit of $256,848, indicating solid cashflow for an incoming operator.
3. Total purchase price $2,140,000, comprising Management Rights $1,350,000 and manager’s unit $790,000, enabling transparent capital outlay assessment.
4. Accommodation Module with 24 years remaining, providing long-term contractual security and income continuity.
5. Agreement originally 25 years, with 24 years remaining, reinforcing tenure stability.
6. Manager’s accommodation is a large 1 bedroom plus study, recently refurbished, enhancing liveability and rental value.
7. Substantial exclusive-use storage and caretaker facilities materially assist day-to-day operations and reduce outsourcing needs.
8. Complex described as easy to manage, suited to buyers seeking balanced income, lifestyle and tenure.
9. Complex scale: 93 total units, with 29 units in the letting pool, 57 owner-occupied units, and 7 outside-agent units, indicating a predominantly owner-occupied community and potential letting pool stability.
10. Remuneration/body corporate salary reported at $165,804, contributing to overall operator earnings.
11. Flexible on-site accommodation provisions allow the manager to live in a larger apartment within the complex and lease the manager’s unit, offering income or lifestyle options.
12. Stable residential profile and consistent rental demand in a well-regarded, liveable suburb, supporting long-term resident retention.
Management Rights Multiplier: 2.76
ROI Estimate: 36.23%