Key Investment Insights
1. Total asking price $1,220,000, comprised of $420,000 for the management rights business and $800,000 for the manager’s unit.
2. Reported net profit $145,476, supported by a substantial Body Corporate salary of $102,469.
3. Manager’s unit valued at $800,000, featuring four bedrooms, two bathrooms and three car spaces.
4. Potential additional rental income from the manager’s unit of $630 per week, not included in the P&L.
5. Currently operated by a single manager, indicating a manageable workload and straightforward handover.
6. No mandatory onsite residency requirement, with the option to secure the office and operate the business remotely.
7. Complex is a permanent gated community, landscaped with a picnic area furnished with tables and chairs, enhancing resident appeal.
8. Convenient Western Suburbs location near a major shopping centre and essential amenities, supporting occupancy and lettings.
9. Total complex size 59 units, with 14 units in the letting pool and 41 owner‑occupied units, suggesting stable owner presence.
10. Four units managed by outside agents, indicating limited external competition within the complex.
11. Management agreement term is 10 years with eight years remaining, providing medium-term contractual security.
12. Listing positioned as attractively priced for a swift sale, signalling potential for a timely transaction.
Management Rights Multiplier: 2.89
ROI Estimate: 34.64%
