Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent caretaking role with a body corporate salary/net profit of $76,300 per annum.
2. Long-term agreement originally 25 years with 17 years remaining, providing contract stability.
3. No requirement to live onsite, offering flexibility for the caretaker’s residence.
4. No office hours specified, indicating low administrative time commitment.
5. Complex is dated, signalling potential upside from refurbishment or operational improvements.
6. Manager’s unit permits pets, improving attractiveness for applicants or managers with animals.
7. 39-unit complex split between 12 owner-occupied units and 27 managed by outside agents, implying regular interaction with owners and agents.
8. Onsite amenities include a pool, spa and tennis court, enhancing resident appeal and potential for fee-based services or improved satisfaction.
9. Prime location near public and private schools, restaurants and major shopping precincts at Nerang and Robina, supporting steady occupancy and demand.
10. Excellent transport connectivity, with a bus stop at the entrance and proximity to Nerang rail station and main routes to Coolangatta and Brisbane.