Key Investment Insights
1. $248,988 net profit, multiplier 3.97.
2. Asking price mid to high 1 million, sale includes excellent manager’s residence valued at $660,000.
3. High proportion of income from residential plus commercial body corporate salaries, $154,738 plus GST, indicating financial stability.
4. No requirement to live onsite, buyer can live in the manager’s unit or rent it out for additional income.
5. No set office hours and reportedly very few hours of work required, offering operational flexibility.
6. Established operation in place, suitable to be run part‑time or alongside other activities.
7. Noted potential to increase profits, presenting upside for an active owner.
8. Managers unit is a large modern apartment, 2 bedrooms, 2 bathrooms, 1 car space, 2 air‑cons, pet friendly.
9. Complex amenities include pool, gym and BBQ area, enhancing resident appeal and asset value.
10. Super convenient North Lakes location on Brisbane Northside, close to restaurants, shops, medical centre, pharmacy, public transport, major highway and shopping centre.
11. Seller indicates urgent sale due to overseas business commitment, potentially enabling quicker transaction.
12. Business marketed by a management rights broker, Property Code 937, facilitating professional sale process.
Management Rights Multiplier: 3.98
ROI Estimate: 15.09%
