Key Investment Insights
1. Net operating profit of $442,430, indicating strong cash earnings.
2. Body corporate salary of $538,967 plus GST, higher than net profit and forming a very high proportion of total income.
3. Body corporate salary indexed to future CPI increases, providing built‑in revenue escalation.
4. Asking price $2,600,000 with a multiplier of 5, suggesting a seller valuation based on current earnings.
5. Permanent management rights with a standard 10‑year agreement, nine years remaining, seller to top‑up term to full ten years for buyer with cooperative committee.
6. Small weekday office hours, Monday to Friday 9:00 am to 2:30 pm, with mobile contact available 2:30 pm to 4:00 pm, supporting efficient owner time commitment.
7. Existing real estate package valued at $360,000, including a professional office, 20 sqm reception, 40 sqm basement office, 15 sqm commercial kitchen, and 20 sqm garden shed.
8. Nine outside agents and 60 lock‑up garages in portfolio, identified as significant growth potential for rental income.
9. Numerous selling commission opportunities, enabling meaningful income up‑sizing through sales activity.
10. Prime Main Beach location, two minutes’ walk to restaurants and shops, close to beach, shopping centre and public transport, in a peaceful high‑quality area.
11. Onsite lifestyle and amenity package includes pool, indoor pool, spa, sauna, gym, tennis court and BBQ area, supporting premium market positioning.
12. Option to nominate someone to live on‑site if the business is under company control, adding operational flexibility.
Management Rights Multiplier: 5.06
ROI Estimate: 19.75%