Key Investment Insights
AI generated. Confirm details with the seller.
1. Located approximately 25 km north of Brisbane CBD in a fast-growing northern corridor, close to major retail centres, schools, public transport and arterial roads, supporting sustained residential demand.
2. Business-only management rights operation, classified as a permanent complex, offering a straightforward ownership model.
3. Extremely low operational workload, requiring about one day per week in summer and less in winter, with no office hours required, supporting strong lifestyle appeal.
4. Long-term security with a brand new 25-year agreement, 25 years remaining, providing operational certainty for incoming purchasers.
5. Income composition includes 7 internal rentals and an advertised 33 external rentals around the complex, with a total of 38 units in the complex and 7 units in the letting pool.
6. External rental portfolio conservatively assessed using a 2.5 multiplier, indicating additional valuation upside and recurring rental income shown in the P&L.
7. Net profit reported at $154,416, with remuneration/body corporate salary of $78,839, demonstrating clear current profitability and owner earnings.
8. Supportive, easy-to-work-with Body Corporate, reducing conflict risk and simplifying management duties.
9. Sale includes all operational equipment such as a ride-on mower and selected office equipment, enabling a seamless transition post-settlement.
10. Positioned as an easy-entry, low-effort opportunity suitable for owner-operators, semi-retirees or investors seeking passive recurring income, currently listed under contract/offer.