Key Investment Insights
1. Total acquisition price $2.02M, comprising $730K management rights and $1.29M manager’s unit, aligns purchase of business and high-value residence in one transaction.  
2. Reported net profit $157,692, with combined remuneration/body corporate salary of $132,603, indicating clear cashflow and manager earnings.  
3. Ten-year agreement in place, with the full 10 years remaining, providing long-term contractual security for the management rights.  
4. Small letting pool of 10 units within a 50-unit complex, reducing competitive letting workload and preserving yield for managers.  
5. High owner-occupancy level, 37 owner-occupied units and only one outside agent, supporting stable community relationships and lower turnover.  
6. Fully renovated ground-floor manager’s apartment presented as a prestige, Main Beach-quality residence, enhancing recruitment and retention of managers and providing lifestyle appeal.  
7. Manager’s unit specifics: two bedrooms, two bathrooms, open-plan living with large private balcony, separate laundry, excellent natural ventilation, and secure basement parking for two cars.  
8. Pet-friendly approval potential subject to Body Corporate consent, adding flexibility for resident lifestyle and appeal to guests.  
9. Boutique complex scale, 50 residences with only two apartments per floor, offering privacy, exclusivity and strong amenity usage control.  
10. Resort-style onsite amenities include pool and spa, sauna, gymnasium, barbecue facilities, full-size tennis and pickleball court, boosting guest experience and letting attractiveness.  
11. Prime Main Beach location, within easy reach of patrolled beaches, Tedder Avenue dining and boutiques, Marina Mirage, and Southport Yacht and Surf Clubs, supporting year-round demand. 
                    Management Rights Multiplier: 4.63
                    ROI Estimate: 21.60%