Key Investment Insights
1. High net profit of $171,072, indicating strong current cash returns.
2. Stable Body Corporate salary of approximately $129,097 plus GST, indexed annually with CPI.
3. Asking price $1,580,000 inclusive of manager’s real estate, enabling ownership of both business and residence.
4. Manager’s apartment valued at $930,000, modern 3 bedrooms, 2 bathrooms, air conditioning, and four car spaces.
5. Full 10 year Standard Module accommodation agreement in place, with the full 10 years remaining, providing long term contract security.
6. No set office hours, offering flexibility in daily operations.
7. Existing letting pool of 16 permanent rental units, plus 10 units managed by outside agents and one lockup unit, providing clear avenues to grow management income.
8. Identified income upside through expanding the letting pool and earning additional sales commission.
9. Supportive committee and well maintained, resort style complex featuring a pool, tennis court and BBQ area, enhancing resident appeal and retention.
10. Desirable Gold Coast location, close to shops, schools and transport, with the manager’s residence located away from the front gate in a safe, peaceful setting.
Management Rights Multiplier: 3.80
ROI Estimate: 26.32%
