Key Investment Insights
1. Rare 3.17x multiplier, positioned as the lowest on the coast for Kings Beach management rights.
2. Total asking price $1.425m, comprised of $450k for management rights and $975k for the manager’s unit.
3. Verified net income $141,736 from caretaking only, no letting pool, no tenants, no requirement to live onsite.
4. Agreements secured under an Accommodation Module with CPI-linked annual increases, providing predictable income growth.
5. Letting appointments currently held by owners, convertible to short-stay holiday rentals for additional upside.
6. Manager’s residence is modern 3 bedroom, 2 bathroom, with secure parking for 2, private balcony and dual access, suitable for owner occupation or rental.
7. Package offers flexibility for owner occupation, rental income or dual-income setup.
8. Complex is permanent type with 77 units, 61 owner-occupier units and 15 outside agent units, indicating a strong owner-occupier community and limited external letting competition.
9. Original agreement term 25 years, 20 years remaining, delivering long-term contractual security.
10. Resort-style facilities and a blue-chip coastal location, supporting strong tourism demand and asset desirability.
11. Low workload, Body Corporate backed remuneration, and secure returns make it suitable for buyers seeking stable, low-stress income.
Management Rights Multiplier: 3.17
ROI Estimate: 31.50%