Key Investment Insights
1. Manager’s two-storey residence is the largest of its kind, five bedrooms, three bathrooms, two car spaces, and a massive rear balcony with waterfront views.
2. Downstairs offers a self-contained retreat, large entertainment area with media room, spacious bar, largest billiard table, additional bathroom and potential to convert into a separate rental unit.
3. Dedicated gym room, laundry and two large attached offices provide operational flexibility and staff/administration space.
4. On-title commercial component delivers multiple income streams, including a large commercial kitchen currently rented, an occupational therapy business tenant and a spacious reception area.
5. Strong financials shown, net profit reported at $262,727, with remuneration/body corp salary of $162,983.
6. Manager’s apartment valued at $1,800,000, enhancing asset value within the sale.
7. Energy-efficient features include rooftop solar panels, reducing operating costs and improving sustainability appeal.
8. Complex is waterfront and located close to all amenities, enhancing lifestyle appeal and tenant demand.
9. Complex structure is permanent, 96 total units, 22 units in the letting pool, 64 owner-occupy units and 10 outside agent units.
10. Management agreement term is 25 years with 23 years remaining, providing long-term revenue stability.
11. Layout supports dual-living scenarios and multi-generational occupancy, appealing to families with older children or owners seeking resident managers.
12. Listed as under contract / offer, indicating active market interest and potential scarcity.
Management Rights Multiplier: 2.47
ROI Estimate: 10.72%
