Key Investment Insights
1. Asking price $2,500,000, net profit $290,000, yielding an ROI on capital of 11.6% and ROI on the business of 20%.
2. Remuneration/body corporate salary $210,000, representing approximately 72% of reported net profit.
3. Manager’s apartment valued at $1,050,000 is on title, providing significant asset backing to the sale.
4. Manager’s apartment configuration is 3 bedrooms, 2.5 bathrooms, 3 car spaces, with an adjoining office that has separate entry.
5. Complex comprises 97 permanent units, with 25 units in the letting pool.
6. Long-term accommodation agreement originally 25 years, with approximately 22 years remaining, offering contract continuity.
7. Resort-style on-site amenities include pool, spa, sauna, gym, games room, function facilities and BBQ area, supporting tenant attraction and lifestyle positioning.
8. Secure parking and gated complex status enhance security and appeal to residents.
9. Centrally located close to shopping centre, train station, local hospital, schools, sporting and medical facilities, supporting convenience and demand.
10. Manager’s apartment is currently rented out, indicating immediate rental income potential and remote management flexibility.
Management Rights Multiplier: 5.00
ROI Estimate: 11.60%
