Key Investment Insights
1. Net profit $299,690, asking price $2,138,000, sale inclusive of manager’s real estate, indicating a clear headline return profile.
2. Remuneration/Body Corporate salary $211,708, forming a substantial and recurring income component.
3. Long agreement structure, 25-year original term with 21 years remaining, providing income stability and tenure security.
4. Large portfolio across three adjoining complexes, enabling operational efficiencies and consolidated management.
5. Total 145 townhouses, with 45 in the permanent letting pool, creating an established revenue base from rentals.
6. Complex mix includes 59 owner-occupied units and 30 outside-agent units, showing diversified occupancy and management workload.
7. Current manager handles all maintenance duties, with seasonal contractors for grounds, demonstrating streamlined, owner-managed operations.
8. No set office hours, offering management flexibility to balance business and personal commitments.
9. Manager’s residence valued at $580,000, single-level three-bedroom home with 2.5 bathrooms, office on title, double garage, covered outdoor area, and pet approval, adding owner-occupier amenity and capital value.
10. Location in Deception Bay, described as high-demand with strong rental demand and steady tenant inflow, supporting future occupancy and letting income.
11. Agreement module listed as accommodation and the complex includes a pool, enhancing tenant appeal and letting potential.
12. Business listed as under contract/offer, signalling active market interest and potential limited availability.
Management Rights Multiplier: 5.20
ROI Estimate: 19.24%
