Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of approximately $160,000, with a total asking price of $1.83 million including the manager’s residence.
2. Contractual body corporate salary provides over 70% of total income, with annual CPI reviews reducing reliance on letting pool performance.
3. Management agreements have approximately 24 years remaining, providing a long operating horizon.
4. Permanent letting pool comprises 17 units within a 58 unit complex, with stated capacity for growth.
5. Prime corner location in Robina offers proximity to schools, shopping and transport, supporting consistent rental demand.
6. No set office hours and a permitted nominee arrangement provide operational flexibility without strictly requiring onsite living.
7. Gated grounds, CCTV and secure parking support resident security and convenience.
8. Resident facilities include a pool, spa, gym, sauna, BBQ areas and solar infrastructure.
9. Spacious manager’s townhouse includes three bedrooms, 2.5 bathrooms and a lockable carport.
10. The vendor is also selling the adjacent complex, offering an opportunity to acquire additional scale.
Management Rights Multiplier: 5.19
ROI Estimate: 8.74%