Key Investment Insights
1. Long-term agreement in place, 25-year term with ~21–22 years remaining, providing contract stability and predictable tenure.
2. High proportion of stable Body Corporate salary, $90,531 plus GST with annual CPI increases, representing nearly 100 percent of total income.
3. Reported net profit exceeds $83,000, with an alternative figure cited of over $87,403; additional rental income from the manager’s residence of about $21,000 raises total potential income to approximately $108,403.
4. Asking price $960,000, with the manager’s apartment separately valued at $550,000; an all-inclusive price of $940,000 is also referenced in the listing.
5. Extremely low operational overhead, no requirement to live onsite, no office hours required, no pool, no BBQ, and no gate to maintain.
6. Option to operate as caretaker only, no real estate licence required, reducing regulatory and staffing complexity and lowering running costs.
7. Caretaking duties described as extremely simple, implying limited day-to-day work and suitability for hands-off ownership or a caretaker operator.
8. Manager’s accommodation is spacious, 2 bedrooms and 1 bathroom, single garage, large private courtyard, and includes an exclusive-use professional office.
9. Location identified as Ipswich, providing local market context for buyers familiar with the area or seeking Queensland regional opportunities.
10. Listing highlights significant upside potential, presented as a rare market opportunity for investors seeking a stable income stream with scope to grow income.
Management Rights Multiplier: 4.94
ROI Estimate: 8.65%
