Key Investment Insights
1. Permanent management rights in central Southport on the Gold Coast, offering secure ongoing income.
2. Net profit $85,000 with asking price $1,280,000, inclusive of the manager’s real estate.
3. Body corporate remuneration around $78,000, providing significant guaranteed cash flow.
4. Standard 10-year agreement with approximately 9 years remaining, offering long-term contractual stability.
5. Small letting pool of 6 units within a 44-unit complex, implying manageable letting responsibilities and limited competition.
6. High owner-occupier profile, 33 owner-occupy units and 4 outside agent units, suggesting low turnover and stable administration.
7. Manager’s residence valued at $720,000, a 3-bedroom, 2.5-bathroom townhouse with double garage and 2 car spaces.
8. Manager’s residence features include courtyard, balcony off master, air conditioning, ceiling fans, solar panels, and pet-friendly status.
9. Residence located in a quiet spot away from the front gate, enhancing privacy and lifestyle appeal.
10. Excellent location amenities, with shops, doctors, pharmacy, cafes and restaurants at the doorstep, beaches and major shopping centres a short drive away.
11. No set office hours, offering operational flexibility for the manager.
12. Complex facilities include a pool, and proximity to good schools and a golf course, supporting both resident amenity and local appeal.
Management Rights Multiplier: 6.59
ROI Estimate: 15.18%
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