Key Investment Insights
1. Net profit $450,800 against an asking price of $3,195,000, sale price inclusive of manager’s real estate.
2. Body corporate salary/remuneration $252,900 inclusive of GST, providing stable recurring cashflow.
3. Long agreements, 25 year module with 17 years remaining, offering contract stability.
4. Large sinking fund balance of over $1,050,000, indicating strong capital reserves for future works.
5. Manager’s apartment on title, elevated 2 bedroom 2 bathroom residence valued at $890,000, includes one exclusive car space and attached reception/office.
6. Reception and back office on title, supporting on-site administration and operations.
7. REI Cloud property management system in use, enabling modern property and letting management.
8. Complex mix of 146 lots with 43 in the letting pool, 74 owner-occupied, 9 outside agent units and 17 lockup units, showing diversified income sources and owner engagement.
9. Comprehensive lifestyle facilities include pool, spa, sauna, gym and WiFi, enhancing letting appeal and resident satisfaction.
10. Prime Labrador location overlooking the Gold Coast Broadwater, with easy access to theme parks, Marina Mirage, Harbour Town shopping, dining and entertainment.
11. Supportive and proactive body corporate, which reduces governance risk and aids ongoing estate management.
Management Rights Multiplier: 5.11
ROI Estimate: 19.56%
