Key Investment Insights
1. Verified net income of $137,116 per annum paid entirely as the body corporate salary, providing predictable cashflow.
2. Caretaking-only management rights, with no letting pool, no weekend check-ins, and no office hours, enabling a low-workload, set-and-forget operation.
3. Long-term contracted income, backed by a 21-year Accommodation Module agreement to May 2045, with a minimum 3% annual salary increase.
4. Sale structure priced at $730K for the management rights plus an $800K manager’s unit, total purchase price $1.53M.
5. Manager’s townhouse included, modern three-bedroom, two-bathroom with private courtyard and single lock-up garage, enhancing owner-occupier convenience and asset value.
6. Small servicing requirement implied by complex features: minimal gardens, a pool and BBQ area, and no lifts or gym, reducing maintenance time and costs.
7. Complex scale and composition of 84 units, with 74 owner-occupied and only 10 outside-agent units, indicating limited tenant turnover and lower operational demands.
8. Permanent complex type with an original agreement term of 25 years and 21 years remaining, offering contractual stability.
9. Located in a quiet, family-friendly pocket of Taigum, close to Taigum Village, Westfield Chermside, schools, public transport and major arterial routes for easy access to Brisbane CBD, airport and the Sunshine Coast.
10. Market positioning suits first-time operators, semi-retirees or investors seeking steady, low-stress returns, due to secure income, lifestyle flexibility and low hands-on requirements.
Management Rights Multiplier: 5.32
ROI Estimate: 18.78%