Key Investment Insights
1. Sale structured as Management Rights for $625,000 plus managers unit valued at $750,000, total $1,375,000.
2. Reported net profit $152,500, with remuneration/body corporate salary $112,871.
3. Long-term agreement originally 25 years, with approximately 20 years remaining, providing contract stability.
4. Complex is permanent type with 68 total units, 19 units in the letting pool, 44 owner-occupied units, 3 managed by outside agents, and 2 lockup units.
5. High proportion of owner-occupied units (44 of 68), implying a stable resident community and lower churn.
6. Letting pool size of 19 units offers steady income, described as consistent with exceptional tenant retention and long-term tenants.
7. Location is a tightly held bayside coastal pocket, appealing for lifestyle tenants and benefitting from sea breezes and steady demand.
8. Managers unit is fully renovated and private, valued at $750,000, with 3 bedrooms, 2 bathrooms, and 4 car spaces.
9. Managers residence features a brand-new modern kitchen, two generous living areas, lush garden setting, full insulation, and year-round comfort.
10. Business presentation emphasises minimal hassle, proven income and suitability for first-time operators or experienced professionals seeking to scale.
11. Positioned as a high-performing, secure investment with lifestyle benefits and long-term upside potential.
Management Rights Multiplier: 4.10
ROI Estimate: 11.09%