Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit $428,657, representing more than a 20% return on the asking price of $3,400,000.
2. Substantial and stable Body Corporate salary of $331,375 plus GST, accounting for approximately 78% of income.
3. Compact permanent letting pool of 30 units, plus 15 external managements, indicating low vacancy and streamlined operations.
4. Long-term 25-year management agreement with about 22 years remaining, providing contractual security and predictable income.
5. Clear upside to grow earnings, including significant opportunities to increase sales commissions and other revenue streams.
6. Manager’s residence included and valued at $1,300,000, a spacious modern 3-bedroom, 2-bathroom apartment with one secure car space and an exceptionally large private courtyard.
7. Professional on-site office fit-out, comprising three generous offices, a reception area, and abundant storage, supporting efficient day-to-day management.
8. Twin-tower complex described as stylish, modern and exceptionally well maintained, supporting strong asset presentation and resident satisfaction.
9. First-class onsite facilities including pool, spa, sauna, gym and BBQ area, enhancing the complex’s appeal and likely aiding letting performance.
10. Prime Southport location within easy walking distance to shopping centres, restaurants, cafés, bars, pharmacies, medical centres, beaches, parks, public transport and sought-after school catchment, offering strong lifestyle appeal.
11. Peaceful surroundings within a high-quality complex, reinforcing long-term desirability for owners and residents.
12. Business valuation split shown as Business Value $2,100,000 plus Managers Apartment $1,300,000, with the sale including both the modern apartment and commercial office.
Management Rights Multiplier: 4.90
ROI Estimate: 12.61%
