Key Investment Insights
1. Manager's residence is a high-end, fully modernised ground-floor apartment marketed as a centrepiece that rivals Main Beach homes, offering a genuine lifestyle residence rather than typical management accommodation.
2. Two-bedroom, two-bathroom layout with bedrooms at opposite ends for privacy, master suite with direct terrace access and luxury-style ensuite.
3. Expansive open-plan living flows to an oversized private terrace, designed for entertaining and outdoor living.
4. Sleek contemporary kitchen with premium finishes, ample storage, separate laundry, excellent cross-ventilation, and secure basement parking with two car spaces.
5. Pet approval possible subject to Body Corporate consent, supporting lifestyle flexibility for managers.
6. Boutique complex scale, only 50 apartments and two per floor, creating an intimate environment and high levels of privacy.
7. Strong owner-occupancy profile, 37 owner-occupy units, 10 units in the letting pool, one outside agent unit, indicating limited external competition for lettings.
8. Resort-style on-site amenities including heated pool and spa, sauna, fully equipped gym, barbecue area, and full-size tennis and pickleball court.
9. Prime Main Beach location, moments from patrolled beaches, Tedder Avenue dining and retail, Marina Mirage, and Southport Yacht and Surf Clubs, enhancing rental appeal and prestige.
10. Secure 10-year management agreement with 10 years remaining, providing long-term income stability.
11. Financials and pricing: total price $1.995M comprising $700K management rights and $1.295M unit value, reported net profit $157,692 with remuneration/body corporate salary $132,603.
Management Rights Multiplier: 4.44
ROI Estimate: 7.90%