Key Investment Insights
1. Beachfront location, steps from Miami Beach, close to cafes, schools and local amenities, strong lifestyle appeal.
2. Established management rights business priced Offers Over $1.6 million, with manager’s apartment valued at $1.1 million.
3. Reliable annual body corporate salary of $125,024, presented as net profit and remuneration.
4. Agreement structured under the Accommodation Module, 25 year term originally with 18 years remaining, providing long-term income stability.
5. Single-operator friendly operation, currently run by one person without difficulty, suitable for solo owners.
6. Very manageable caretaking duties, limited to basic garden upkeep, mowing, pool cleaning and common area tidying, minimal need for trades or staff.
7. Manager’s unit is a tidy two bedroom, two bathroom apartment with secure undercover car space, enhancing on-site convenience and lifestyle.
8. Office on title with no set office hours, offering genuine flexibility and work-life balance.
9. Complex comprises 58 units, 52 owner-occupied and only 6 outside agent units, implying limited letting competition and a stable resident profile.
10. On-site benefits include a large linen room, secure storage and a workshop area for the manager, adding operational convenience.
Management Rights Multiplier: 4.00
ROI Estimate: 25.00%