Key Investment Insights
1. Asking price $2,500,000 with net profit $291,000, ROI on capital 11.6% and ROI on business 20%.
2. Remuneration/body corporate salary $210,000, representing 72% of net profit.
3. Manager’s apartment valued at $1,050,000, comprising 3 bedrooms, 2.5 bathrooms and 3 car spaces.
4. Office is on title and adjoins the manager’s apartment while maintaining a separate entry, enabling dual use or rental.
5. Manager’s apartment is currently rented, offering immediate rental income; owner can elect to reside onsite or retain current caretaker.
6. Large permanent gated complex of 96 units, with a letting pool of 25 units under an accommodation agreement.
7. Agreement term 25 years, with 22 years remaining, providing long-term operational continuity.
8. Resort-style on-site amenities include pool, spa, sauna, gymnasium, function room and BBQ area, supporting premium positioning.
9. Secure parking provided, enhancing resident and guest security and appeal.
10. Centrally located within short distance to shopping centre, train station, local hospital, schools, sporting and medical facilities, strengthening demand and convenience.
11. No fixed hours for management role, indicating operational flexibility for owner-operator.
Management Rights Multiplier: 4.98
ROI Estimate: 11.64%
