Key Investment Insights
AI generated. Confirm details with the seller.
1. Sold and settled listing, vendor retiring after 10 years of long‑standing management.
2. Small gated estate of 38 units, secure location in Southport on the Gold Coast.
3. Letting pool of 12 units, representing roughly one third of the complex.
4. Owner‑occupied units 22, outside agent units 3, manager unit 1, indicating high owner occupancy and stable community.
5. Body Corporate salary/remuneration approximately $67,000 plus GST, with reported net profit $77,456.
6. Accommodation agreement module with a 25‑year term, 23 years remaining, providing long‑dated contractual revenue security.
7. Average weekly rents $350–$420, giving clear rental yield expectations for letting pool units.
8. No office and no office hours required, implying low administrative overhead and flexible operations.
9. Trust accounting performed on Caretaker software, indicating established financial control systems.
10. Manager’s residence valued at $575,000, two bedrooms and two bathrooms, open‑plan, secure and self‑contained.
11. Limited onsite facilities, small pool and BBQ area, consistent with an easy‑manage, low‑maintenance complex.
12. Positioned as suitable for a semi‑retired or first‑time operator, due to manageable scale and minimal caretaker duties.
Management Rights Multiplier: 2.84
ROI Estimate: 9.74%
