Key Investment Insights
1. Permanent management rights for a 70‑lot townhouse and villa complex in Currumbin Waters, a prime southern Gold Coast residential location.
2. Asking price $1,630,000 inclusive of the manager’s real estate, with the manager’s apartment valued at $850,000.
3. Net profit $201,948, offering a solid lifestyle income.
4. Body Corporate salary/remuneration of $141,366, representing a substantial recurring income stream.
5. Long term accommodation agreement originally 25 years, with 18 years remaining, providing contract stability.
6. 23 units in the permanent letting pool, 39 owner‑occupied units and 7 outside agent units, indicating a predominantly stable resident base.
7. Manager’s residence is a spacious air‑conditioned 3 bedroom, 1 bathroom villa with single car space and an office attached on title, located at the complex entrance.
8. Complex includes resident amenities such as a pool and tennis court, enhancing appeal to owners and tenants.
9. Current managers operating for over 17 years, enabling potential for a smooth transition and established relationships with residents and Body Corporate.
10. Flexible work arrangements with no set office hours, suited to a couple or family seeking minimal hours and lifestyle focus.
11. Office is on title, simplifying operations and securing on‑site administrative space.
Management Rights Multiplier: 3.86
ROI Estimate: 12.39%