Key Investment Insights
1. Long-term security with 24 years remaining on the management agreement, 25 year original term noted, CPI annual body corporate salary review.
2. Strong recurring body corporate remuneration, quoted as $101,364 plus GST and shown in snapshot as approximately $96,809, providing stable cash flow.
3. Attractive pricing with a low 2.5 multiplier and listed sale price $817,500, positioned as “priced to sell”.
4. Multiple ROI metrics highlighted, 18% return on the entire investment and 40% ROI on the business purchase, indicating strong yield potential.
5. Clear upside to grow management revenue, 70 total lots with 28–29 currently in the letting pool and 16 externally managed units that can be converted into the letting pool.
6. Manager’s apartment offered at $440,000, two bedrooms and two bathrooms, exclusive office use, private patio, air conditioning and undercover parking, enabling on-site ownership/occupation.
7. Solid recent net profit reported around $151,800–$156,400, supporting the asking price and return calculations.
8. Well-appointed, secure gated complex with central resident hub, outdoor pool, BBQ area and dedicated manager’s office, supporting resident amenity and occupancy.
9. Efficient three-storey walk-up design with no lift, implying lower maintenance and capital expenditure compared with high‑rise assets.
10. Prime Townsville location close to arterial roads, public transport, recreational precincts, sporting facilities, retail and dining, supporting strong rental demand and capital growth potential.
Management Rights Multiplier: 2.41
ROI Estimate: 19.13%
