Key Investment Insights
1. Price structure splits into $645K for management rights and $1.35M for the manager’s unit, total $1.995M.
2. Net profit reported at $157,692, with remuneration/Body Corporate salary of $132,603.
3. Manager’s apartment valued at $1,350,000, two bedrooms, two bathrooms, and two secure car spaces.
4. Manager’s residence is fully modernised, ground-floor, open-plan with oversized private terrace and high-end finishes.
5. Residence layout offers strong privacy with bedrooms at opposite ends, master suite with ensuite and terrace access.
6. Practical features include excellent cross-ventilation, separate laundry, secure basement parking, and pet approval subject to Body Corporate consent.
7. Boutique building scale, 50 apartments total, two per floor, creating an intimate environment and promoting privacy.
8. High owner-occupancy profile, 37 owner-occupy units, only 10 units in the letting pool and one outside agent unit.
9. Strong amenities including heated pool and spa, sauna, fully equipped gym, barbecue area, and full-size tennis and pickleball court.
10. Prime Main Beach location, moments from patrolled beaches, Tedder Avenue dining and retail, Marina Mirage, and Southport Yacht and Surf Clubs.
11. Secure management agreement in place, 10-year term with 10 years remaining, providing operational stability.
Management Rights Multiplier: 4.09
ROI Estimate: 24.45%