Key Investment Insights
1. Net profit $475,000, indicating strong cashflow relative to asking price.
2. Approximate 19% ROI, reflecting high return on the $2,500,000 asking price.
3. Long secure agreements with 23 years remaining, providing income stability.
4. Managers apartment valued at $750,000, offering significant on‑title asset value.
5. Manager remuneration/body corporate salary $119,260, supplementing owner income with minimal caretaking duties.
6. Complex comprises 44 units with 26 in the letting pool, offering a mix of owner occupied and revenue‑generating stock.
7. Prime Sunshine Coast beachside location, moments from the beach, supporting strong demand and repeat guests.
8. Well presented and well maintained complex, reducing near‑term capital expenditure risk.
9. Supportive committee in place, suggesting cooperative governance and smoother operations.
10. Flexible living arrangements, owners can reside onsite or offsite to suit lifestyle or management needs.
11. Manager’s unit includes 2 bedrooms, 1 bathroom, 1 car space, an on‑title office, and pets allowed, enhancing operational convenience and rental appeal.
Management Rights Multiplier: 3.68
ROI Estimate: 19.00%