Key Investment Insights
1. Blue‑chip Teneriffe riverfront location with direct riverwalk access to New Farm Park, Howard Smith Wharves and the CBD, high local amenity from café culture, Gasworks precinct, James Street retail and nearby ferry terminal.
2. Low‑maintenance management rights, no office hours and no requirement to live onsite, enabling lifestyle flexibility or hands‑off ownership.
3. Manager’s dual‑title residence on title, three bedrooms, one bathroom, two secure carparks and an office, can be owner‑occupied or leased for additional income.
4. High guaranteed body corporate salary of $269,141 per annum, representing over 77% of verified net profit, providing stable recurring income.
5. Verified net profit of $349,471 per annum, reported excluding outside rentals and the manager’s unit, indicating core business profitability.
6. Significant upside from short‑term and external management opportunities, 32 self‑managed Airbnb units and 49 units with outside agents could be grown into the letting pool.
7. Complex scale provides resilience, 160 total units with 26 currently in the letting pool and 53 owner‑occupied units.
8. Light caretaking responsibilities limited to pool, BBQ area and grounds, supporting a high return, low effort operating model.
9. Long security of income with agreement term 25 years and 22 years remaining, agreements extending until June 2047.
Management Rights Multiplier: 0.67
ROI Estimate: 149.47%
