Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $152,500 provides a strong established income base for the incoming operator.
2. Permanent complex with 19 letting pool units and long term tenants supports consistent management activity.
3. Management agreement has 20 years remaining, providing substantial operational tenure.
4. Renovated three bedroom, two bathroom manager’s residence valued at $750,000 is included.
5. Residence features a modern kitchen, two living areas, insulation and parking for four to six vehicles.
6. Well maintained bayside complex offers a quiet coastal setting with established gardens and sea breezes.
7. Compact letting pool of 19 units within 68 total units may support a manageable operating model.
8. Remuneration or body corporate salary of $112,871 provides an additional stated income component.
9. The business suits first time operators or experienced professionals seeking to add to an existing portfolio.
Management Rights Multiplier: 4.10
ROI Estimate: 11.09%