Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent management rights business in prestigious Main Beach, combining a coastal lifestyle with established income.
2. Body Corporate salary of $300,585, reviewed annually in line with CPI.
3. Reported net profit of $363,582 supports the business’s income profile.
4. High quality, professionally maintained high rise residential complex with excellent presentation throughout.
5. Managers’ residence is a spacious three bedroom, two bathroom apartment with one car space and quality features.
6. Managers’ office is on title, providing dedicated operational infrastructure.
7. Long term security with a 10 year agreement term and 10 years remaining.
8. Complex facilities include a pool, spa, sauna, gym, tennis court and BBQ area.
9. Permanent complex comprises 119 units, with 13 units currently in the letting pool.
10. Pets are permitted, and the complex includes Pay TV and WiFi services.
Management Rights Multiplier: 4.40
ROI Estimate: 12.54%