Key Investment Insights
1. Net profit $199,248, asking price $1,080,000, indicating a profit yield for buyers to assess against capital cost.
2. Body Corporate pays almost all outgoings, including power, office phone, website fees and pool, lowering operator cash costs and administrative burden.
3. Low workload, can be run by one person on a part time basis, suitable for semi‑retired buyers or as an add‑on to an existing portfolio.
4. Managers apartment value listed at $320,000, office and managers unit details on title though there is no residence requirement to live onsite.
5. Complex comprises 36 total units, with 29 in the letting pool and 7 managed by outside agents, demonstrating near‑full management coverage.
6. Agreement structure 25 year term with 18 years remaining, providing long‑term contractual stability for accommodation operations.
7. On‑title assets include reception, office, storeroom, kitchen, community/games room, swimming pool and vacant land, enhancing asset value and operational control.
8. Amenities include pool, games room, BBQ area and WiFi, features attractive to university students and likely to support occupancy and rental premiums.
9. Located within walking distance to the university, offering strong tenant demand from students and consistent occupancy potential.
10. 40 minutes from Brisbane CBD, providing accessibility to a major city while serving a university catchment in Ipswich.
11. Reported remuneration / Body Corp salary $62,343, providing a clear cash compensation figure for the manager role component.
Management Rights Multiplier: 3.81
ROI Estimate: 26.22%
