Key Investment Insights
AI generated. Confirm details with the seller.
1. Net operating profit of $232,553, indicating strong current earnings.
2. Body Corporate salary of $192,436, providing the majority of remuneration and long-term income stability.
3. Asking price $2,300,000, business value $1,100,000, managers apartment valued at $1,200,000, showing split between business and residential asset.
4. 25-year accommodation agreement with 23 years remaining, delivering long-term contractual security.
5. Established letting pool of 13 permanent rental apartments, supplying additional recurring income with minimal day-to-day management.
6. No set office hours and low-maintenance caretaking duties, supporting an attractive work-life balance for operators.
7. Luxuriously renovated manager’s residence on title, two bedrooms, two bathrooms and two secure car spaces, included in the sale.
8. Body Corporate salary reviewed annually by CPI, providing built-in income escalation.
9. Premium Broadwater Esplanade waterfront location, close to beaches, cafés, restaurants and major amenities, enhancing lifestyle appeal and tenant demand.
10. Large permanent complex of 92 units with extensive onsite facilities including pool, spa, sauna, gym, BBQ area, function facilities, pay TV and Wi‑Fi, increasing resident amenity and letting attractiveness.
Management Rights Multiplier: 4.73
ROI Estimate: 10.11%