Key Investment Insights
1. 17% ROI headline, indicating high return relative to purchase price.
2. Total asking structure $1.36M, comprising $610K management rights and $750K manager’s unit.
3. Net profit reported $227,866, providing strong current cashflow with identified upside.
4. Body Corporate salary $78,746 plus GST, indexed annually to CPI, adding reliable contracted income.
5. Agreements fully topped up, 25-year term with 23 years remaining, offering long-term security.
6. Significant growth opportunity, 12 units currently in onsite letting pool versus 27 managed by outside agents, enabling immediate conversion potential.
7. Manager’s unit is unique in-complex asset, only two-bedroom two-bathroom apartment, valued at $750K, with two car spaces, private backyard and attached office.
8. Pet-friendly onsite residence enhances lifestyle appeal and operator flexibility.
9. Prime central Surfers Paradise location, three-storey walk-up in a quiet pocket yet moments from beaches, Star Casino, Pacific Fair, Cavill Avenue and the Gold Coast Convention Centre via nearby G-link.
10. Broad buyer appeal, suited to first-time entrants, portfolio operators and lifestyle buyers seeking secure income and growth potential.
Management Rights Multiplier: 2.68
ROI Estimate: 16.75%