Key Investment Insights
1. Exceptional management rights opportunity at Fairway Terraces in Pimpama
2. Modern and well-maintained complex with 103 three-bedroom townhouses and a 4 bed managers unit
3. 96 units in the permanent rental pool, with strong rental demand in the rapidly growing Pimpama area
4. Convenient location close to local shops, schools, parks, and public transport
5. Prime location between Brisbane and the Gold Coast, offering a mix of urban development and green spaces
6. 25-year Management Agreement in place, with no set reception hours
7. Efficient 2-person management team running operations
8. Body Corporate Remuneration currently at $134,725 per annum plus GST, increasing annually in line with CPI
9. Manager's residence consists of 4 bedrooms, 2 living areas, 2 offices, a 2-car garage, backyard, and undercover courtyard
10. Manager's lot spans 414sqm with an internal floor area of 241sqm
11. Plans for the Manager's unit available upon enquiry
12. Net operating profit of $410,152 for the 12-month period ending August 31, 2024
13. No material discrepancies found in the vendor's records
14. Well-established complex offering a lucrative, secure, and lifestyle-friendly business
15. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.
Management Rights Multiplier: 5.22
ROI Estimate: 19.17%