Key Investment Insights
AI generated. Confirm details with the seller.
1. Total asking price of $1.995 million comprises $700,000 for management rights and $1.295 million for the manager’s apartment.
2. Reported net profit of $165,692, with Body Corporate remuneration of $141,850.
3. Management agreements have a full 10 years remaining.
4. Permanent residential complex comprises 50 apartments, including 10 in the letting pool and 37 owner occupied units.
5. Completely modernised ground floor manager’s residence features two bedrooms, two bathrooms, an oversized private terrace and secure basement parking.
6. Manager’s apartment offers bedrooms at opposite ends, a master ensuite, contemporary kitchen, separate laundry and excellent cross ventilation.
7. Boutique building configuration provides just two apartments per floor, supporting privacy.
8. Resident facilities include a pool, spa, sauna, fully equipped gym, barbecue area and tennis and pickleball court.
9. Central Main Beach location places patrolled beaches, Tedder Avenue dining and retail, Marina Mirage and local clubs within easy reach.
10. Pets are permitted in the manager’s residence subject to Body Corporate consent.
Management Rights Multiplier: 4.22
ROI Estimate: 8.31%