Key Investment Insights
AI generated. Confirm details with the seller.
1. Over 90% of income derived from a large body corporate salary, remuneration reported at $147,048 per annum, indicating stable contracted income.
2. Net profit $160,417, listed price $1,675,000, showing clear financials for valuation comparison.
3. Long agreement security, 25 year term with 23 years remaining following recent top-up completed last year.
4. Low operational workload, body corporate pays all gardening services with manager only responsible for mowing of common areas.
5. No set office hours and duties may be subcontracted, making the business suitable for a single operator.
6. Letting pool includes 4 long-term rentals generating over $12,000 per annum, with scope to grow the pool externally to increase income.
7. Manager’s residence is a spacious renovated 3 bedroom, 2 bathroom apartment with a separate on-title office, large enclosed patio, and two secure car spaces.
8. Manager’s apartment valued at $1,000,000, includes 67m² of on-title storage which underpins additional revenue.
9. Storage rentals contribute approximately $8,000 per annum to net income, providing ancillary revenue streams.
10. Located on the Sunshine Coast in a desirable complex of 56 units, supported by a cooperative committee and community, enhancing operational ease and appeal.
Management Rights Multiplier: 4.21
ROI Estimate: 9.58%
