Key Investment Insights
1. High recurring cashflow, with net profit of $291,148 per annum.
2. Secure body corporate management income of $201,556 + GST, representing the majority of revenue, with annual CPI increases.
3. Long-term contract stability, 25-year agreement with approximately 23 years remaining.
4. Small letting pool of just 25 units, indicating lower operational complexity and focused management.
5. Multiple additional income streams reported, described as having strong growth potential.
6. Managers’ residential townhouse included in sale, high-quality three-bedroom two-bathroom two-car unit valued at $890,000.
7. Professional office on title, enabling on-site operations and potential rental value.
8. Comprehensive onsite amenities including pool, spa, sauna, gym and BBQ area, enhancing resident appeal and lifestyle offering.
9. Pets allowed in the manager’s unit, supporting live-in capability and wider appeal to candidates.
10. Attractive Gold Coast location described as wonderful and established, combining lifestyle appeal with convenience, asking price $2,560,000 inclusive of managers real estate.
Management Rights Multiplier: 5.74
ROI Estimate: 17.43%