Key Investment Insights
1. Exceptional financials, net profit $372,171 on an asking price $2,680,000, equating to close to a 14% return.
2. Stable body corporate salary $146,935 plus GST, with annual CPI increases, providing predictable recurring remuneration.
3. Long-term security via a 25-year agreement with 24 years remaining, reducing ownership risk.
4. 100% permanent rental mix, with a letting pool of 83 units, 3 managed by outside agents, and 9 owner-occupied, indicating steady cashflow.
5. Sale includes a high-value modern manager’s residence valued at $680,000, a double-storey freestanding 4-bedroom home with 2.5 bathrooms and double garage.
6. Manager’s residence features air-conditioning in living areas and bedrooms, large courtyard with covered patio, and pet-friendly status, enhancing on-site accommodation appeal.
7. Low-maintenance operation, minimal facilities limited to pool and gym, no gate or BBQ and minimal gardens, supporting a semi-retired ownership model or low-cost operations.
8. No set office hours required, fully flexible arrangements supported by efficient systems already in place, offering operational flexibility.
9. On-title professional office included, fully installed with cabinetry and filing system, simplifying administrative transition.
10. Near-new, high-quality modern buildings within a peaceful and convenient location, contributing to long-term asset desirability.
11. Highly supportive committee noted, which can aid smooth management and governance.
12. Opportunity to expand income or maintain a relaxed caretaking role, given simple duties and established systems.
Management Rights Multiplier: 5.37
ROI Estimate: 18.61%
