Key Investment Insights
1. Net profit $428,657, yielding more than 20% return on the $3,400,000 asking price.
2. Body Corporate salary of $331,375 plus GST provides 78% of income, delivering substantial and stable recurring revenue.
3. Business value stated as $2,100,000, with managers apartment valued at $1,300,000, total price includes both.
4. Long-term 25-year permanent agreement with approximately 22 years remaining, providing contract security.
5. All permanent rentals, compact letting pool of 30 units, plus 15 outside managements, indicating low vacancy and manageable operations.
6. Clear upside to increase profits, specifically significant opportunities to generate additional sales commissions.
7. Manager’s residence is modern and spacious, 3 bedrooms, 2 bathrooms, 1 secure car space, and an exceptionally large private courtyard.
8. Professional office included, comprising three spacious offices, a reception area, and ample storage, supporting efficient on-site management.
9. Stylish, well-maintained twin-tower complex with first-class facilities including pool, spa, sauna, gym, and BBQ area.
10. Prime Southport location within easy walking distance to shopping centres, restaurants, cafés, bars, pharmacy, medical centre, beaches, parks, public transport, and sought-after school catchment, enhancing tenant appeal and lifestyle.
Management Rights Multiplier: 4.90
ROI Estimate: 12.61%