Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent management rights business-only sale, no real estate purchase required, managers unit not included.
2. Prime inner-city location close to Brisbane CBD, enhancing rental demand and resale appeal.
3. 25-year accommodation agreement with 24 years remaining, providing long-term contractual security.
4. Stable body corporate salary of $65,550 plus GST, indexed annually to CPI.
5. High reported net profit of $134,686, indicating solid current earnings.
6. Asking price $899,880, implying an approximate pre-tax yield of about 15% on asking price.
7. Minimal facilities to maintain, only an infrequently used BBQ, no swimming pool, resulting in low operating overheads.
8. Super easy duties with no requirement to live onsite, no office hours and no office required, enabling flexible operations.
9. Minimal gardens and light caretaking responsibilities, reducing labour and maintenance costs.
10. Value-add potential through additional income streams such as repairs and sales, noted as significant upside.
11. Permanent rental pool of 22 properties supporting the net profit, plus five additional properties managed externally.
