Key Investment Insights
1. Under contract listing status, indicating sale process already underway.
2. Net profit of $199,248, providing clear current earnings.
3. Asking price listed at $1,080,000, enabling immediate valuation comparison.
4. Low workload business model, operable by one person on a part time basis.
5. No requirement to live onsite, residence not included in the sale.
6. Office, reception, community room, storeroom, kitchen, games room, swimming pool and vacant land are on title, offering owned operational assets.
7. Managers apartment value shown as $320,000, with office noted as on title.
8. Body Corporate pays almost all outgoings, including power, office phone, website fees and pool, reducing operator expense exposure.
9. Strong student market location, within walking distance to the university and 40 minutes from Brisbane CBD.
10. Established complex scale and contractual security, 36 total units with 29 in the letting pool, seven outside agent units, 25 year agreement term with 18 years remaining.
Management Rights Multiplier: 3.81
ROI Estimate: 18.45%
