Key Investment Insights
1. High net profit of $151,486 against an asking price of $1,600,000, indicating a clear cashflow-generating asset.
2. Body corporate salary of $91,864 plus GST, with annual CPI increases, providing stable contracted remuneration.
3. Long remaining agreement term, expiring in 2044 with 19 years remaining, offering continuity of income.
4. Minimal day-to-day workload, primarily supervisory caretaking role, enabling part-time commitment or passive ownership.
5. Opportunity to increase income by performing caretaking tasks yourself, converting supervisory duties into fee-for-service earnings.
6. Letting pool of 20 permanent rental units, supplying recurring letting management income and tenant demand visibility.
7. Managers unit on title valued at $980,000, included in the sale, comprising 3 bedrooms, 2 bathrooms, and 4 car spaces, enhancing asset value.
8. Flexible work arrangements, no set office hours, supporting lifestyle or dual-income operator models.
9. Complex amenities include a pool and BBQ area, supporting resident satisfaction and attractiveness to owners and renters.
10. Prime Gold Coast location, centrally situated near shops, the beach, major shopping centres, golf courses, racecourses and quality schools, supporting strong rental and resale appeal.
11. Attractive physical property features including a spacious villa with a large backyard and up to four air conditioners, enhancing marketability and liveability.
Management Rights Multiplier: 4.09
ROI Estimate: 24.43%