Key Investment Insights
1. Prime riverside Maroochydore location, walking distance to cafes, restaurants, surf clubs, major shopping centres, parks and waterfront amenities.
2. Strong transport and services access, close to Buderim Hospital, public transport, Maroochy Plaza, Cotton Tree and the motorway for north–south travel.
3. Managers unit fully renovated, three bedrooms and two bathrooms, modern kitchen with new benchtops, cupboards and dishwasher, upgraded bathrooms and new hot water system.
4. High-quality comfort and energy efficiency, air conditioning in main living areas and master bedroom, ceiling fans in every room, and a 6.6kW Solar Hart solar system.
5. Exceptional manager accommodation value, apartment valued at $915,000, includes two-car lock-up garage with shelving plus an additional front parking space, total three car spaces.
6. Practical outdoor and storage features, fully fenced private landscaped backyard, covered alfresco dining area, two storage sheds and separate rear entrance for reversing a boat or trailer.
7. Low-maintenance complex with recent repaint, no lifts, pool, BBQ area or gated community, simplifying management responsibilities.
8. Simple operational role, duties limited to common area and nature strip maintenance, suitable for one manager and appealing for newcomers or couples seeking lifestyle balance.
9. Solid financial performance, nett profit reported at $140,235 and Body Corporate salary of $103,404 excluding GST.
10. Attractive investment metrics, management rights price $504,000, total package $1.419 million, ROI circa 10 percent.
11. Established recurring income stream, 16 of 51 units in the letting pool, with 23 owner-occupy units and 12 managed by outside agents, providing diversification.
12. Secure contract terms, initial agreement term 10 years with approximately eight years remaining, supporting income continuity.
Management Rights Multiplier: 3.59
ROI Estimate: 9.88%
