Key Investment Insights
1. High Body Corporate salary of $196,304 plus GST with annual CPI increases provides stable and reliable income.
2. Net profit of $225,018 with most income derived from the Body Corporate salary.
3. 25-year agreement with 16 years remaining, plus top-up options, offers long-term security.
4. Supportive committee and manageable tasks make for easy management for one person.
5. All rentals are permanent, with 21 in the letting pool, 6 outside agents, and 2 lock-ups, providing a steady income stream.
6. Additional income sources include 6 large storage units, multiple luggage rooms, and a secure car park.
7. Opportunity for extra income from in-complex maintenance and renovations, ideal for someone skilled in handy work.
8. Spacious 3-bedroom, 2-bathroom manager’s residence with 2 secure car spaces and air conditioning.
9. Professional office space attached on title for convenient management.
10. Prime central location in Surfers Paradise, with shops, restaurants, medical services, public transport, and beaches all within a 1–2-minute walk.
11. Priced at $1,862,000, including the 3-bedroom apartment, making it a great value for the potential income and location.
12. Opportunity for growth and increased income with potential for in-complex maintenance and renovations.
13. Ideal for someone looking for a stable and reliable income with minimal duties and manageable tasks.
14. Act now to avoid future regret and take advantage of this lucrative “Money-Making Machine” opportunity.
Management Rights Multiplier: 5.25
ROI Estimate: 19.04%