Key Investment Insights
1. Asking price $1,150,000, split $420,000 for management rights and $730,000 for the manager’s unit.
2. Net profit $145,476, supported by a Body Corporate salary of $102,469.
3. Manager’s apartment valued at $730,000, comprising 4 bedrooms, 2 bathrooms and 3 car spaces.
4. Potential additional rental income from the manager’s unit approx. $630 per week, not included in profit figures.
5. Currently managed by a single individual, indicating a manageable workload and streamlined operations.
6. No compulsory onsite residency, with option to secure the office and operate the business remotely.
7. Complex size 59 units, with 13 units in the letting pool, 42 owner-occupied units and 4 managed by outside agents.
8. Permanent complex with a 10-year management agreement, 8 years remaining.
9. Located in the Western Suburbs, conveniently near a major shopping centre and essential amenities.
10. Set within a landscaped gated community, featuring a picnic area with tables and chairs.
11. Business positioned for a quick sale, described as attractively priced relative to income and unit value.
12. Remuneration structure includes a strong Body Corporate salary component, enhancing cashflow stability.
Management Rights Multiplier: 2.89
ROI Estimate: 12.65%
