Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit $232,553, indicating strong operating profitability for the business.
2. Extremely secure income stream, 82% of revenue from Body Corporate salary of $192,436 plus GST.
3. Long-term recurring contract, 25-year agreement with approximately 23 years remaining.
4. Low operational workload, very limited work required and no set office hours, only mobile contactability needed.
5. Asking price $2,300,000 inclusive of manager’s real estate, with business value quoted at $1,100,000 and manager’s apartment valued at $1,200,000.
6. Manager’s apartment is high-quality waterfront accommodation, on-title, 2 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, and pet-friendly.
7. Small letting pool of 12 units within a 92-unit complex, presenting clear upside potential to increase rental income.
8. High owner-occupier mix, 65 owner-occupy units and only 3 outside agent units, supporting stable long-term management arrangements.
9. Large complex amenity set including pool, spa, sauna, gym and BBQ area, enhancing appeal to owners and tenants.
10. Waterfront location described as beautiful and peaceful, with proximity to cafés, restaurants, public transport, parks and shops, supporting lifestyle and rental demand.
Management Rights Multiplier: 4.73
ROI Estimate: 10.11%