Key Investment Insights
1. Rare 3.17x multiplier, positioned as a sharp entry point for a premium Kings Beach management rights asset.
2. Verified net income circa $141,736 from caretaking only, indicating stable, low-stress earnings supported by Body Corporate.
3. Agreements secured under a long-term accommodation module with CPI-linked annual increases, providing predictable revenue growth.
4. Agreement originally 25 years with approximately 20 years remaining, offering long-dated contractual security.
5. No letting pool, no tenants, and no requirement to live onsite, making the role flexible and lower maintenance.
6. Current owners hold letting appointments that can be converted to short-stay holiday rentals, presenting clear upside from tourism demand.
7. Manager’s residence included, modern 3 bedroom 2 bathroom unit valued at $975,000, with secure parking, private balcony and dual access for owner-occupation or rental.
8. Large complex scale, 77 units in total, with a high owner-occupier ratio of 61 units, supporting stable long-term community dynamics.
9. Only 15 outside agent units, suggesting limited external competition for letting work if appointments are converted.
10. Resort-style facilities and a blue-chip coastal location at Kings Beach, enhancing appeal to holidaymakers and owner-occupiers alike.
Management Rights Multiplier: 3.17
ROI Estimate: 9.95%
