Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $197,211, indicating strong current cashflow.
2. 25-year management agreement with 20 years remaining, providing long-term contract security.
3. High, stable Body Corporate salary of $121,884 plus GST, representing a significant recurring income stream.
4. Letting pool comprises 24 permanently rented units, with a further 3 managed by outside agents, indicating a predominantly permanent rental base.
5. Manager’s residence is a quality 2-bedroom, 1-bathroom property with secure parking, large courtyard, and on-title office, enhancing convenience and asset value.
6. Asking price $1,936,000, sale inclusive of the manager’s real estate, simplifying transaction structure.
7. Prime inner-city location in Milton, extremely close to Brisbane CBD, supporting strong demand and tenant appeal.
8. Immediate access to cafes, restaurants, shops, medical centres, pharmacies, hospitals, the river, public transport, premium schools, and major roads, boosting lifestyle and lettability.
9. Peaceful complex setting with easy access to daily amenities, favourable for long-term occupancy.
10. Combination of flexible high income and inner-city lifestyle makes this a high-quality management rights investment opportunity.
