Key Investment Insights
1. Asking price $1,150,000, comprising $420,000 for the management rights and $730,000 for the manager’s unit.
2. Net profit reported at $145,476, supported by a Body Corporate salary of $102,469.
3. Manager’s apartment valued at $730,000, offering 4 bedrooms, 2 bathrooms and 3 car spaces.
4. Potential additional rental income of approximately $630 per week for the manager’s unit, not included in the P&L.
5. Business currently operated by a single manager, indicating a manageable workload and low staffing complexity.
6. No compulsory onsite residency requirement, with the option to secure the office and operate remotely.
7. Complex comprises 59 total units, with 14 in the letting pool and 41 owner-occupied, implying strong owner stability.
8. Only 4 units managed by outside agents, suggesting low external competition within the complex.
9. Agreement originally 10 years, with approximately 8 years remaining, providing medium-term contract security.
10. Property is a permanent complex set in a landscaped gated community, featuring a picnic area with tables and chairs.
11. Prime Western Suburbs location close to a major shopping centre and essential amenities, enhancing accessibility and tenant appeal.
12. Attractively priced for a quick sale, explicitly marketed as a management rights opportunity suitable for investors seeking immediate income.
Management Rights Multiplier: 2.89
ROI Estimate: 12.65%
