Key Investment Insights
1. Sale price structured as $3.449M for the management rights plus $1.1M for the manager’s apartment, total $4.549M.
2. Reported net profit $628,176, with remuneration/body corporate salary of $226,341.
3. Manager’s apartment valued at $1,100,000, featuring 2 bedrooms, 2 bathrooms and 2 car spaces.
4. Long-term agreement in place, approximately 24 years remaining of a 25-year term, providing tenure security.
5. Complex of 110 units, with 35 units currently in the letting pool and 75 owner-occupied, indicating a selective pool and potential to expand management share.
6. Operated under professional management for five years, with established systems, experienced staff and proven operational processes.
7. Business delivers consistent and sustainable financial performance, with identified upside for an owner-operator to optimise revenue and profitability.
8. Blue-chip inner-Brisbane location with strong lifestyle amenity, including cafã© culture, award-winning restaurants and boutique shopping, supporting premium positioning.
9. Year-round demand drivers include corporate travellers, leisure visitors, medical guests and attendees of major sporting, entertainment and convention events.
10. Exceptional connectivity and proximity to CBD, South Bank, Brisbane Convention & Exhibition Centre, universities, hospitals and public transport, broadening the customer base.
11. Brisbane accommodation market tailwinds cited, including record population growth, major infrastructure investment, rising visitation and long-term benefits from the Brisbane 2032 Olympics.
Management Rights Multiplier: 5.49
ROI Estimate: 13.81%