Key Investment Insights
1. High recurring Body Corporate salary, remuneration reported at $124,158 per annum.
2. Strong net profit of $152,500 against an asking price of $1,375,000, sale inclusive of manager’s real estate.
3. Manager’s residence valued at $750,000, three bedrooms, two bathrooms, double/quad car provision listed as four car spaces, private townhouse with lock-up garage and fully fenced garden.
4. Office on title included, providing on-site workspace and compliance convenience.
5. Low operational workload, can be run by one person, suitable for first-time operators or investors seeking low maintenance.
6. Cooperative Body Corporate and tightly held, well-maintained complex supporting smooth operations.
7. Long-term stability via a 25-year accommodation agreement, 25 years remaining.
8. Permanent management rights in a 68-unit complex, with 19 units in the letting pool and 45 owner-occupied units, indicating limited letting inventory and stable tenant mix.
9. Proven consistent returns backed by a stable permanent letting pool and long-term tenants.
10. Excellent bayside location, minutes to the train, close to Brisbane Airport and Moreton Bay, approximately 40 minutes to Brisbane CBD.
11. Local appeal supported by quality schools, nearby amenities, lifestyle attractions and on-site pool, aiding tenant demand and occupancy.
12. Manager’s residence offers separation and privacy from the complex, modern kitchen and spacious living area, enhancing lifestyle appeal for an owner-operator.
Management Rights Multiplier: 4.10
ROI Estimate: 11.09%