Key Investment Insights
AI generated. Confirm details with the seller.
1. Located in highly sought-after Southport, QLD, offering strong market appeal and access to Gold Coast demand.
2. Reliable Net Profit of over $116,000, indicating consistent operating earnings.
3. Exceptional Body Corporate Salary of $104,913 including GST, anchoring the majority of income.
4. Long-term security via a 25-year agreement with approximately 20 years remaining, reducing turnover risk.
5. Attractive valuation at a 3.23 business multiplier, suggesting competitive pricing relative to earnings.
6. Asking price $1,250,000 inclusive of managers real estate, enabling a turnkey acquisition.
7. Manageable low-rise walk-up complex of 56 lots, with 18 units in the permanent letting pool, limiting operational scale and complexity.
8. Low-maintenance facilities limited to a swimming pool and BBQ area, reducing upkeep costs and time.
9. No set office hours required, providing significant lifestyle flexibility for operators.
10. Spacious manager’s residence, three bedrooms and two bathrooms with a balcony and two car spaces, supporting on-site living comfort.
11. Separate on-title manager’s office, enabling clear separation of work and home life and preserving professional operations.
Management Rights Multiplier: 3.23
ROI Estimate: 9.28%
