Key Investment Insights
AI generated. Confirm details with the seller.
1. Caretaking only management rights with a Body Corporate salary of $90,236 plus GST.
2. Net profit of $101,734 with annual salary increases linked to CPI.
3. Low workload of approximately three to four hours daily, manageable by one person.
4. No letting, licence, trust account or property management software required.
5. Almost zero additional operating costs support straightforward business operations.
6. Standard module agreement has nine years remaining.
7. Professional, progressive and supportive Body Corporate committee.
8. Spacious three bedroom manager’s residence includes two bathrooms, secure parking, courtyard, balcony and ample storage.
9. Permanent residential complex comprises 42 units in the desirable Main Beach precinct.
10. Easy walking access to the beach and yacht club.
11. Sale includes the manager’s real estate for a combined asking price of $1,850,000.
Management Rights Multiplier: 3.44
ROI Estimate: 5.50%