Key Investment Insights
1. Verified net profit $180,987, with a Body Corporate salary/remuneration of $149,455, indicating strong, documented earnings.
2. Salary represents approximately 82% of net profit, showing income is predominantly caretaking based rather than reliant on letting commissions.
3. Business ROI of 18.53%, signalling an attractive return for buyers.
4. Long agreement in place to February 2046, with 20 years remaining on a 25 year original term, providing long-term revenue security.
5. No live-onsite requirement, enabling flexible owner arrangements and the option to rent out the manager’s unit for additional income.
6. No set office hours and limited facilities, allowing an incoming manager to structure operations around lifestyle or other commitments.
7. Managers apartment valued at $949,000, configured as 3 bedrooms, 2 bathrooms and 1 car space, representing significant asset value.
8. Total asking price $1.929M, split $980K for management rights and $949K for the unit, allowing separate consideration of business and real estate.
9. Complex is permanent with 60 total units, of which 12 are in the letting pool, 30 are owner occupied and 18 are with outside agents, indicating a mixed but stable ownership profile.
10. Prime Eight Mile Plains location with excellent access to the Pacific Motorway, Gateway Motorway, major employment hubs, public transport, shopping centres and schools, supporting consistent rental demand.
11. Low operational complexity combined with strong, defensive salary income makes this suited to buyers seeking steady cashflow without intensive hands-on letting management.
Management Rights Multiplier: 5.41
ROI Estimate: 9.38%