Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of $270,233, with an asking price of $2,219,042 inclusive of the manager’s real estate.
2. Body Corporate salary of $136,004 plus GST, with annual CPI increases.
3. Minimal caretaking hours and no office hours provide operational flexibility.
4. Limited facilities include only a small, easy to maintain swimming pool.
5. Permanent rental pool of 51, with 22 properties managed by outside agents offering potential rental pool growth.
6. Management agreement has 21 years remaining on a 25 year term.
7. Supportive Body Corporate Committee and efficient management systems already in place.
8. Included manager’s residence is a large, freestanding three bedroom family home offering comfort and privacy in Ipswich.