Key Investment Insights
1. Situated in a tightly held bayside complex with scenic coastal location and sea breezes, supporting steady demand.
2. Proven financials, net profit $152,500, remuneration/body corporate salary $107,768.
3. Low multiplier at 4.09, indicating attractive valuation relative to earnings.
4. Total asking price $1.295M, comprising $625K for management rights and $670K for the manager’s unit.
5. Manager’s residence fully renovated, tropical gardens, brand‑new modern kitchen, two living areas, fully insulated, offering strong lifestyle appeal.
6. Manager’s apartment features 3 bedrooms, 2 bathrooms, and parking for 4 vehicles, listed unit value $670,000.
7. Complex scale provides stability, 68 total units with a permanent classification and a long agreement term of 25 years, 20 years remaining.
8. Letting pool of 19 units with exceptional tenant retention and a consistent letting pool, supporting reliable income.
9. High proportion of owner‑occupied units at 44, suggesting a quiet, long-term tenant base and lower turnover.
10. Low operational hassle positioned as suitable for first‑time operators or experienced professionals seeking scalable, stress‑free management rights.
11. Additional outside agent presence limited to 3 units and 2 lockup units, indicating limited external competition within the complex.
Management Rights Multiplier: 4.10
ROI Estimate: 11.78%
