Key Investment Insights
1. Net profit $184,000, offering a strong stable cashflow relative to the business model.
2. Body corporate salary comprises about 84% of net profit, equating to $155,230, indicating highly recurring income.
3. Asking price $1,633,200 is inclusive of the two manager’s townhouses valued collectively at $750,000.
4. Implied operating return approximately 11.3% based on reported net profit and asking price, signalling attractive yield potential.
5. Portfolio comprises two low‑maintenance permanent complexes located about 20 minutes apart, supporting operational efficiency.
6. Low upkeep profile, with no pools and minimal garden maintenance, reduces variable operating costs and management complexity.
7. Two standalone, modern manager’s residences (3 bed 2 bath valued $450,000; 2 bed 1 bath valued $300,000) provide owner accommodation or rental income flexibility.
8. No requirement to live onsite, enabling leasing of manager units for additional income or remote management.
9. Current letting pool manages 20 units, with 24 additional units operated by outside agents, presenting a clear opportunity to more than double controlled lettings.
10. Total complex scale of 89 units, including 43 owner‑occupied units, provides diversified income sources and resident stability.
11. Included amenities such as a gym and proximity to parks and essential services enhance tenant appeal and marketability.
12. Business suited to first‑time buyers or operators seeking expansion, given streamlined operations, stable income mix, and identifiable growth avenues.
Management Rights Multiplier: 4.80
ROI Estimate: 11.27%
