Key Investment Insights
1. 13% ROI, sale structure comprises $600K management rights and $920K manager’s unit, total $1.52M.
2. Consistent net profit of approximately $191K, with remuneration/Body Corporate salary of $148,682 plus GST.
3. Body Corporate salary accounts for more than 75% of overall income, indexed annually to CPI, providing high income stability and predictability.
4. No requirement for the manager to live on-site, and no office hours, offering genuine flexibility and lifestyle appeal.
5. Manager’s residence is a modern 3 bedroom, 2 bathroom apartment with two car spaces, valued at $920K, usable for occupation or as an investment.
6. Business owned and operated by the same experienced managers for 12 years, delivering proven systems, streamlined procedures, and easy transition.
7. Caretaking duties described as straightforward and manageable, supported by a stable, cooperative committee, indicating a low-stress operational profile.
8. Letting pool comprises 16 permanent rentals, with 10 externally managed units and 1 owner-occupied lock-up, within a total complex of 91 units.
9. Agreement term is 10 years with approximately 8 years remaining, providing medium-term contractual security.
10. Located in a secure gated, exceptionally well maintained and tightly held Southport estate, enhancing asset protection and resident retention.
11. Strong tenant demand driven by proximity to quality schools, shopping precincts, public transport, parks and lifestyle amenities, supporting occupancy and rental stability.
12. Clear upside potential through letting pool growth and future sales activity within the estate, presenting opportunities to increase income and asset value.
Management Rights Multiplier: 3.15
ROI Estimate: 12.54%
