Exclusive - High-Profile Mixed Use Apartments - ID 9181

Key Investment Insights

1. Asking price $3,195,000, listing notes a price drop, net profit $450,800 indicating solid cashflow relative to price.
2. Manager’s real estate included, manager’s apartment valued at $890,000, fully self contained 2 bed 2 bath with office/reception on title.
3. Body corporate salary/remuneration $252,900 inclusive of GST, providing stable recurring income.
4. Long agreement in place, 25 year agreement with approximately 17 years remaining, offering long-term revenue visibility.
5. Large reception and back office are on title, supporting on-site administration and operations.
6. Complex size 146 lots with 43 in the letting pool, 74 owner‑occupied units and 9 managed by outside agents, indicating a mixed revenue base and growth opportunity in lettings.
7. Strong capital reserves, sinking fund balance over $1,050,000, reducing short‑term capital expenditure risk for incoming managers.
8. Comprehensive on-site facilities including pool, spa, sauna, gym and WiFi, enhancing letting appeal and resident satisfaction.
9. Prime Gold Coast Broadwater location in Labrador, close to theme parks, Marina Mirage, Harbour Town shopping and dining, supporting tourism and let rates.
10. Modern property management tools in place, REI Cloud system, facilitating efficient operations and reporting.
11. Elevated manager’s residence with exclusive car space and storage, plus pets permitted with body corporate approval, improving lifestyle amenity for managers.
12. Supportive and proactive body corporate noted, which can ease management relations and operational decision making.

Management Rights Multiplier: 5.11
ROI Estimate: 19.56%