Key Investment Insights
- High net profit of $700,000 and a remuneration/body corp salary of $121,032.
- Managers unit is valued at $725,000 and includes 2 bedrooms, 1 bathroom, and a large office and front reception on a separate title.
- Complex is classified as a corporate complex and has a total of 78 units, with 73 units in the letting pool.
- All units in the complex are short term holiday units, with a 16-year agreement term remaining.
- Located in a prime inner-city location near the Brisbane River, with easy access to hospitals, university, cafes, restaurants, and the CBD.
- Consistently high occupancy rate of 89%.
- Management and staff are in place, with the MR owners operating at arm’s length.
- No live-in owners are permitted on site, making this a unique opportunity for investors looking for a fully staffed and managed corporate complex.
- Management holds a FFE (furniture, fixtures, and equipment) fund for refurbishments, which is paid for by the owners.
- Excellent potential for growth and expansion in the corporate market due to the desirable location and high occupancy rates.
- Pets are allowed in the managers unit.
- Agreement module is accommodation, providing flexibility for the managers and owners.
- Overall, this is a rare opportunity to acquire a top-performing corporate complex in a highly sought-after location, with a strong net profit and long-term agreement in place.
Management Rights Multiplier: 5.60
ROI Estimate: 17.86%
