Key Investment Insights
1. Motivated vendor actively seeking sale, seller will consider all genuine offers, presenting potential for negotiated value.
2. Entry level or lifestyle management rights suited to a single operator or couple, or buyers wanting a flexible business to complement another income stream.
3. Manager’s residence is a spacious 3 bedroom, 2 bathroom apartment of approximately 118 square metres, includes secure parking for two, large private balcony, and office on title, eliminating need for separate commercial premises.
4. Managers apartment valuation listed at $875,000, providing significant owner occupied asset value within the sale.
5. Business generates net profit of approximately $87,332, underpinned by a Body Corporate salary/remuneration of about $62,701 per annum.
6. Caretaking duties described as straightforward and manageable by a single operator, with no prescribed office hours offering genuine day to day flexibility.
7. Letting pool comprises 10 units out of a 36 unit complex, with clear upside from the 9 units currently managed by outside agents and additional owner occupied units that could be converted.
8. Complex is permanent, has 36 total units, 16 owner occupied units, and 9 outside agent units, allowing multiple pathways to grow management income.
9. Agreement term originally 25 years with approximately 19 years remaining, providing long term contractual stability.
10. Prime Southport location near the CBD, Broadwater, light rail, shopping and dining precincts, supporting tenant and investor demand for convenience and lifestyle.
11. Supported by a cooperative Body Corporate, described as clean and low maintenance, indicating solid operational fundamentals and minimal immediate capital expenditure.
Management Rights Multiplier: 2.58
ROI Estimate: 7.94%
