Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of $303,317, with a stated 20% return on the business component.
2. Asking price of $2,301,754 includes the manager’s real estate, featuring a freestanding three bedroom family home.
3. Body corporate salary of $136,004 plus GST, with annual CPI increases.
4. Minimal caretaking hours, no office hours and only a small swimming pool to maintain support a flexible lifestyle.
5. Management rights agreement has 21 years remaining on a 25 year term.
6. Permanent rental pool of 51 properties, with additional letting potential identified through properties managed by outside agents.
7. Supportive body corporate committee and efficient management systems already in place.
8. Located in Ipswich, combining permanent management rights with onsite family accommodation.