Key Investment Insights
1. Asking price $2,050,000, net profit approximately $289,236 per annum including body corporate salary of $84,000.
2. Managers apartment large, fully renovated 2 bedroom 2 bathroom unit valued at $875,000, includes one car space and office on title.
3. Long-term agreement structure, 25 year agreement with approximately 23 years remaining, providing income stability.
4. Strong letting pool scale, 26 of 41 units in the letting pool, indicating significant recurring management revenue.
5. Complex mixed-use composition with nine owner-occupied units and five outside-agent units, suggesting manageable competition.
6. High-appeal location 100 metres from the Noosa River, proximity to Gympie Terrace riverside dining, cafes, bars, shopping and family attractions.
7. Resort-style amenities include three outdoor swimming pools, expansive BBQ areas and lush Balinese-style gardens, supporting guest appeal and occupancy.
8. Wheelchair-accessible apartments and on-site WiFi improve marketability to diverse guest segments.
9. Pro-active body corporate and easily managed operation, implying smoother day-to-day management and fewer governance issues.
10. Body corporate salary reviewed annually to CPI, providing predictable indexed income growth.
11. Pet-friendly manager’s unit and undercover parking enhance lifestyle value and manager recruitment/retention prospects.
12. Direct access to water sports and riverside recreation increases year-round leisure demand and guest experience.
Management Rights Multiplier: 4.06
ROI Estimate: 24.62%
