Key Investment Insights
1. Price structure clearly stated, $565K for management rights plus $885K for the manager’s unit, total $1.45M.
2. Strong earnings profile, reported net profit $123,979 with a Body Corporate Salary of $104,112 plus GST representing approximately 80% of net profit.
3. Protected recurring income via a rare Gold Standard review clause, increasing annually by CPI or 3% whichever is greater.
4. Attractive valuation multiple, 4.56x, cited as favourable against current market benchmarks.
5. Long security of tenure, approximately 23 to 23.5 years remaining on Accommodation Module/Agreement terms.
6. Small, stable letting pool of 8 units within a 39‑unit permanent complex, with 29 owner‑occupied units and 2 outside agent units, indicating low operational churn.
7. Flexible contract conditions and low‑intensity operations, no set office hours and straightforward grounds maintenance, suitable for a single operator or couple.
8. Manager’s residence offers immediate capital upside, three bedrooms and two bathrooms with private courtyard, offered at $885,000 versus recent comparable sales to $922,000.
9. Prime location appeal, secure gated community 7km from Brisbane CBD, walking distance to Moorooka café precinct, close to Toohey Forest walking trails and Rocklea and Moorooka train stations.
10. Demand fundamentals supported by established schools and steady rental demand, underpinning long‑term occupancy and letting stability.
Management Rights Multiplier: 4.56
ROI Estimate: 21.94%