Key Investment Insights
AI generated. Confirm details with the seller.
1. Low multiplier of 3.5, indicating a relatively low price multiple for a Brisbane Southside management rights sale.
2. Asking price $1,078,000, sale includes the freestanding three‑bedroom double‑storey manager’s residence.
3. Advertised net income $98,147; snapshot also lists net profit $93,288, indicating slightly inconsistent profit figures in the listing.
4. Stable Body Corporate remuneration reported as $63,353 plus GST with annual CPI increases; snapshot lists remuneration/body corp salary as $60,510.
5. Very light operational burden, no pool, no BBQ, no gates, and no facilities to maintain, reducing ongoing maintenance costs and responsibilities.
6. No office hours required and minimal garden work of only a few hours per week, supporting a low‑time commitment ownership model.
7. Long management agreement, 25 years originally with 22 years remaining, providing security of income stream.
8. Rental profile comprises entirely permanent rentals, with 14 in the letting pool and 3 managed by outside agents, suggesting stable tenancy base but some outsourced management.
9. Manager’s residence features 3 bedrooms, 2.5 bathrooms, double garage, large backyard, three separate living areas and a huge private courtyard, offering strong owner‑occupier amenity.
10. Property includes a professional office on title with separate entrances, enabling an on‑site business presence or alternative use.
11. Location appeal: popular Brisbane Southside near Calamvale, very peaceful and convenient, close to public transport, major highways, shopping centres and amenities.
12. Seller indicates urgency for a personal‑reasons sale and will seriously consider reasonable offers, presenting potential negotiation opportunities.
