Key Investment Insights
AI generated. Confirm details with the seller.
1. 100% salary model with high proportion of stable Body Corporate salary, $90,531 plus GST, with annual CPI increases.
2. Long secured agreement, 25 years term with approximately 21–22 years remaining.
3. Very low operational demands, no pool, no BBQ area, no gate to maintain, and extremely simple caretaking duties.
4. No requirement to live onsite, and no office hours required, increasing flexibility for owners or caretakers.
5. Option to operate as caretaker only, no real estate licence required, lowering entry and ongoing compliance costs.
6. Clear near-term cash earnings, reported net profit in the $83,000–$87,000 range, plus around $21,000 in rental income, total potential income approximately $108,000.
7. Significant upside potential stated, indicating opportunities to increase income beyond the current salary model.
8. Manager’s villa included in sale, very spacious 2 bedroom, 1 bathroom, single garage, large private courtyard, valued at $550,000.
9. Separate exclusive-use professional office provided, supporting private administration and tenant interaction.
10. All-inclusive sale price advertised at $940,000, with business snapshot showing business value $380,000, implying combined asset and business valuation support.
11. Located in Ipswich, presented as a rare market opportunity and noted as sold and settled, indicating recent market demand.
Management Rights Multiplier: 4.94
ROI Estimate: 8.65%
