Key Investment Insights
AI generated. Confirm details with the seller.
1. Brand new off-the-plan management rights offering, enabling establishment of the business from the ground up.
2. Located in Pallara, identified as one of Brisbane’s fastest expanding residential corridors, supporting demand growth.
3. High investor ownership at approximately 80%, with clawback and forward agreements in place, indicating stable rental pool potential.
4. No manager’s residence required to purchase, significantly reducing initial capital outlay and entry cost.
5. Exclusive use of a manager’s office and storage shed, providing dedicated operational facilities.
6. Secured 25-year caretaking and letting agreements, offering long-term contractual income stability.
7. Agreement term remaining is 25 years, matching the full secured term.
8. Modern, high-quality, purpose-built complex designed for low-maintenance and efficient operations.
9. Complex totals 30 units, with 24 units in the letting pool and 6 owner-occupied units, showing a predominantly rentable base.
10. Permanent complex classification, implying long-term residential use and management continuity.
11. Price listed at $467,000 for business only, allowing buyers to plan capital requirements separately.
12. Financials show net profit of $116,988 and remuneration/body corporate salary of $33,000, indicating current profitability and owner remuneration structure.
