Key Investment Insights
1. Rare waterfront combination of a large two-storey manager’s residence plus on-title commercial income streams, offering both lifestyle and investment components.
2. Manager’s residence is the largest of its kind, four bedrooms, three bathrooms, two car spaces, value stated at $1,500,000.
3. Downstairs layout provides a self-contained retreat, huge entertainment area with media room and bar that could be converted to a separate rental, dedicated gym and laundry, and two large attached offices.
4. Massive rear balcony off the upstairs living and master bedroom, providing waterfront views and strong tenant or owner appeal.
5. Energy-efficient residence with solar panels on the roof, reducing operating costs and enhancing sustainability credentials.
6. Commercial component on title includes a large commercial kitchen currently rented, providing immediate revenue.
7. Additional commercial tenants include an occupational therapy business and a spacious reception area, diversifying income streams.
8. Business pricing split is $950,000 for the management rights and $1,500,000 for the unit, total $2,450,000.
9. Financial performance shows net profit of $246,927 and remuneration/body corporate salary of $154,983, indicating solid cash flow to owner/operators.
10. Complex is permanent with 96 total units, 22 in the letting pool, 64 owner-occupied units, and 10 outside agent units, suggesting stable owner demographic.
11. Long agreement term structure, 25 year agreement with 23 years remaining, providing long-term operational security.
12. Unbeatable location close to all amenities, enhancing both rental demand and lifestyle attractiveness.
Management Rights Multiplier: 3.85
ROI Estimate: 25.99%
