Key Investment Insights
1. Low‑maintenance, lifestyle‑focused management rights, no office hours required, managers typically attend only 1–2 days per week.
2. Rare freestanding manager’s residence, 4 bedrooms and 2 bathrooms, oversized layout offering privacy and standalone feel.
3. Manager’s residence can be leased for additional income, currently rented at $600 per week, approximately $31,000 per year.
4. Clear pricing and earnings: total asking $1.59M, split MR $892k plus unit $698k, reported net profit $200,710.
5. Secure recurring remuneration; Body Corporate salary reported at $73,597, providing stable contracted income.
6. Strong letting fundamentals, consistent rental enquiry, extremely low vacancy, and stable rental rates indicating high demand and minimal turnover.
7. Large permanent complex scale, 52 total units with 40 in the letting pool, supporting meaningful management fee income.
8. Long agreement term, 25 year agreement originally with 22 years remaining, offering long‑term security for the management rights.
9. Major operational labour outsourced, dedicated gardener in place, reducing day‑to‑day workload and overhead.
10. Flexibility for owner occupation or investor use, option to occupy the residence or maximise yield by continuing to lease it.
11. Compact third‑party presence: 5 owner‑occupied units, 6 outside agent units, 1 lockup unit, implying a predominantly managed portfolio and limited external competition.
12. Well suited to first‑time operators, semi‑retirees or hands‑off operators, combining strong financial performance with genuine lifestyle freedom.
Management Rights Multiplier: 4.44
ROI Estimate: 12.62%
