Key Investment Insights
AI generated. Confirm details with the seller.
1. Advertised 13% ROI follows a significant price reduction, with total purchase pricing of $1.65 million.
2. Verified net profit is $208,906, including $149,455 in Body Corporate remuneration.
3. Approximately 71% of verified net profit comes from the Body Corporate salary, supporting comparatively predictable income.
4. No requirement to reside onsite provides flexibility to occupy, retain or potentially repurpose the manager’s residence, subject to requirements.
5. No prescribed office hours and cloud based Reapit software support efficient, remotely managed administration.
6. The renovated three bedroom manager’s residence is presented in excellent condition, reducing immediate accommodation expenditure.
7. The permanent complex comprises 80 units, including 29 in the letting pool and 39 owner occupied units.
8. A 25 year agreement has 18 years remaining, providing substantial tenure for the incoming operator.
9. The Body Corporate salary is reviewed annually each November, providing potential for future income growth.
10. Recently soft washed and inspected complex roofs enhance the property’s overall presentation.
Management Rights Multiplier: 4.02
ROI Estimate: 12.66%