Key Investment Insights
AI generated. Confirm details with the seller.
1. 13% ROI stated, priced at $600K management rights and $920K manager’s unit, total $1.52M.
2. Net profit approximately $190,657, providing clear current earnings.
3. Body Corporate salary $148,682 plus GST, indexed annually to CPI, accounts for more than 75% of income, offering substantial income stability.
4. No requirement for the manager to reside on site, enabling lifestyle flexibility or the option to lease the manager’s residence as an investment.
5. Manager’s residence is a modern 3 bedroom, 2 bathroom unit with 2 car spaces, valued at $920,000 and featuring quality finishes and private outdoor area.
6. Business owned and operated by the same experienced managers for 12 years, indicating proven systems, streamlined procedures and smooth transition potential.
7. Agreement term 10 years with 8 years remaining, providing contracted income security for the medium term.
8. Letting pool comprises 16 permanent rentals, plus 10 externally managed units and 1 owner occupied lockup, within a 91 unit complex.
9. Located in a secure gated, tightly held permanent complex in Southport, with strong tenant demand and high resident retention.
10. Proximity to quality schools, shopping precincts, public transport, parks and lifestyle amenities enhances long term desirability and occupancy.
11. Low operational intensity, no office hours and straightforward caretaking duties, supported by a stable cooperative committee, suited to both experienced operators and those seeking balanced workload.
12. Clear upside potential through letting pool growth and future sales activity within the estate, offering avenues to increase revenue.
Management Rights Multiplier: 3.15
ROI Estimate: 12.54%
