Key Investment Insights
AI generated. Confirm details with the seller.
1. Combined income of $495,774 across multiple Body Corporate agreements provides diversified revenue.
2. Reported net profit of $474,744, with remuneration and Body Corporate salary of $276,754.
3. Two substantial businesses operate side by side in Brisbane’s tightly held South Bank precinct.
4. Purchase includes the manager’s unit and office, with no requirement to reside onsite.
5. Two bedroom, two bathroom manager’s apartment includes one car space and is valued at $900,000.
6. Short term and permanent letting are permitted, supporting operational flexibility.
7. Established operations are largely managed by onsite managers, supported by a part time receptionist.
8. Management rights agreement has 15 years remaining from an original 25 year term.
9. The complexes comprise 144 units, including 56 in the letting pool, 62 owner occupied and 25 outside agent units.
10. Location benefits from proximity to the CBD, transport, lifestyle amenities, employment hubs and education precincts.
Management Rights Multiplier: 5.83
ROI Estimate: 12.94%