Key Investment Insights
1. $500,450 annual net profit, supported by a $197,923 Body Corporate salary, delivering an advertised 17% ROI.
2. Total purchase structure $2.99M, comprising $2.39M management rights and a $600K manager’s unit.
3. Manager’s apartment included on title, valued at $600K, configured with 2 bedrooms, 1 bathroom and one car space, plus air conditioning.
4. On-title reception office and separate staff lunch room adjoin the manager’s residence, expanding operational footprint and asset security.
5. Complex of 66 apartments, with 31 units currently in the letting pool, majority operating as short-term holiday lets with guest-friendly layouts, supporting stable, easily managed occupancy.
6. High owner-occupier presence with 34 owner-occupy units and only one outside agent, indicating a tightly held, lower-competition environment.
7. Strong amenity offering including rooftop heated pool and spa with sweeping Broadwater views, a second pool and spa, full-size tennis court, gym, sauna and barbecue areas, all described as practical and simple to service.
8. Contactable-only office hours and ability to appoint an approved nominee to reside in the manager’s unit, enabling genuine work–life balance and operational flexibility.
9. Long-term agreement structure, 25 year term with 19 years remaining, providing contractual security and continuity of income.
10. Prime Broadwater waterfront location on the Gold Coast, described as blue-chip and tightly held, supporting demand and potential for further growth.
Management Rights Multiplier: 4.80
ROI Estimate: 20.85%