Key Investment Insights
AI generated. Confirm details with the seller.
1. Two neighbouring gated complexes combine 122 units and 33 permanent lettings in a practical dual management rights operation.
2. Reported net profit of $354,000, with over 70% of income contractual and largely independent of property management income.
3. Combined Body Corporate salary of approximately $246,500 annually, with annual CPI reviews.
4. Long agreement tenure, with 23 years remaining across both management rights agreements.
5. No fixed office hours under either agreement, with flexible nominee living permitted.
6. Existing caretaker can remain if required, supporting operational continuity.
7. Walking distance to Robina Town Centre, cafes, train station, Bond University, Robina Hospital and CBUS Stadium.
8. Burleigh Heads and Miami beaches are approximately ten minutes away.
9. Resident facilities include a large pool, spa, gym, BBQ areas, recreation room and shared green spaces.
10. Maximes refurbishment and repainting are approximately 70% complete, with Colorbond fencing underway.
11. Maximes has upgraded FTTP internet, completed pool drainage and automatic top ups, plus upgraded CCTV and remote pool access.
Management Rights Multiplier: 4.52
ROI Estimate: 9.84%