Key Investment Insights
1. Net profit $393,024, delivering a high 20.6% return on investment.
2. Asking price $2,640,000, equating to a competitive 4.84x multiplier.
3. Stable recurring income from Body Corporate management fee $151,343 plus GST, with annual CPI increases.
4. Long remaining contract term, approximately 23 years left of a near 25-year tenure.
5. Low-maintenance facilities limited to a pool and gym, minimal gardening, no gates or BBQ obligations.
6. Letting pool of 85 units, comprising 77 internal and 8 external rentals, supporting steady letting income.
7. Manager’s residence included in sale; modern double-storey freestanding 4-bedroom house with 2.5 bathrooms and double garage.
8. Residence features practical lifestyle amenities, including air-conditioning in living areas and bedrooms, large courtyard, and covered patio.
9. Dedicated professional office on title, fully fitted with custom cabinetry and filing systems, enabling immediate operations.
10. Flexible, semi-retirement-friendly operation with no set office hours, established systems in place, and a very professional, supportive committee.
Management Rights Multiplier: 4.83
ROI Estimate: 14.89%